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National Bank of Middlebury

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photo-639.jpg

Description

Providing comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan options, including the SBA 7(a) program. Located in Middlebury, VT, it offers tailored financing solutions to help entrepreneurs grow and succeed. With a focus on small business needs, the bank provides expertise in loan structuring, application assistance, and ongoing support to ensure clients meet their financial goals. Its experienced lending team understands the nuances of SBA loans and works closely with borrowers throughout the process, from application to funding. The bank is committed to fostering local economic development and offers personalized service to each client, ensuring a smooth and efficient borrowing experience. Whether you’re starting a new venture or expanding an existing business, this lender aims to be a trusted partner in your growth journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering small business loans and financial services to help entrepreneurs grow and succeed. You can find expert guidance on SBA loan programs, application support, and personalized financing solutions tailored to your business needs.
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 be available during business hours. Contact the bank ahead of your visit for the best experience.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays, so it"s best to call ahead or check their website for current hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to simply inquire or consult; however, standard loan application and processing fees may apply if you proceed with a loan.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses within its regional service area, but eligibility depends on meeting SBA program requirements and creditworthiness.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, but higher scores can improve loan terms and approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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