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The Cape Cod Five Cents Savings Bank

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan options. Whether you are seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. With a strong focus on the local community, they are dedicated to helping entrepreneurs succeed by offering flexible terms and personalized service. Their SBA program experience includes the 7A loan program, which is ideal for a wide range of business purposes. The bank also provides guidance through the application process, ensuring clients understand their options and requirements. With a history of approving loans up to $150,000, they are well-equipped to assist small businesses in the region. Their team of experts is committed to fostering business growth and economic development in the area, making them a trusted partner for local entrepreneurs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.5
Google Review Count
33
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and financial services tailored to small businesses. You can find assistance with funding options, loan applications, and business growth strategies here.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for specific services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners in the region, but others may also apply.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation.
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