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Cleveland State Bank

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Description

Cleveland State Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community in Cleveland, WI, this bank provides specialized programs that help entrepreneurs access capital efficiently. Their team is dedicated to guiding clients through the loan process, ensuring clarity and support at every stage. Whether you’re looking for a loan to purchase equipment, expand your facilities, or manage cash flow, Cleveland State Bank has the expertise to assist. They support various SBA programs, including the popular 7(a) loan program, which is ideal for a wide range of business purposes. The bank emphasizes personalized service, working closely with borrowers to understand their unique needs and financial situations. Their commitment to local economic development makes them a trusted partner for small business owners in the region. With a history of approving loans up to $650,000, they are well-equipped to handle both small and larger financing requests. Cleveland State Bank prides itself on its community-oriented approach, fostering long-term relationships built on trust and mutual growth. Their knowledgeable staff is always ready to help clients navigate the complexities of SBA lending, ensuring a smooth and transparent process from application to funding. Whether you’re starting a new venture or expanding an existing business, Cleveland State Bank is a dedicated partner committed to your success.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is Cleveland State Bank, a local financial institution offering SBA loan programs and banking services tailored to small businesses in the Cleveland area. You can find support for business growth, expansion, and operational needs through their specialized lending options.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 8:30 AM to 4:30 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in the Cleveland area, but they also work with regional clients seeking SBA financing.
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 seeking SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of the application and supporting documents.
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