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Freedom Bank Inc

Freedom Bank Inc
Freedom Bank Inc

Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the 7A loan program, it provides funding options for business expansion, working capital, and equipment purchases. The bank is committed to helping entrepreneurs succeed by offering personalized service and flexible financing solutions tailored to each business’s needs. Located in Philippi, West Virginia, it serves the local community and beyond, ensuring accessible and reliable financial support for small business growth. The bank’s experienced team understands the complexities of SBA loans and guides clients through every step of the application process, aiming to make funding attainable for businesses at different stages of development. Whether you’re starting a new venture or expanding an existing one, this bank offers the expertise and resources to help you achieve your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loans and small business financing solutions. You can find support for business growth, expansion, and working capital needs tailored to small enterprises.
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 lender, 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
Fees are associated with loan processing and SBA application, but there is no fee to simply visit or inquire.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses within the region, but eligibility can vary based on loan programs and qualifications.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 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 30 to 60 days, depending on the completeness of documentation and loan complexity.
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