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Guthrie County State Bank

Guthrie County State Bank
Guthrie County State Bank

Description

Guthrie County State Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this bank provides access to various SBA programs including the 7(a) loan program, which is ideal for working capital, equipment purchase, or real estate acquisition. Their team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located at 505 E Main St in Panora, IA, Guthrie County State Bank is dedicated to fostering economic development within the community. The bank offers personalized service, competitive rates, and flexible terms to help small businesses succeed and expand. Whether you’re starting a new venture or looking to grow an existing business, they provide the financial tools and expertise necessary to achieve your goals. Their commitment to local businesses makes them a trusted partner in the region, supporting economic vitality and job creation. With a history of supporting SBA programs, Guthrie County State Bank is well-equipped to assist small business owners in navigating the complexities of SBA lending and securing the funding they need to thrive.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored to small businesses in the Panora area. You can find personalized guidance, loan options, and support for business growth and development. The bank specializes in helping local entrepreneurs access funding through SBA programs like the 7(a) loan, providing a trusted resource for business financing needs.
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. Calling ahead can help you prepare and streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 8:30 AM to 4:30 PM, Monday through Friday. It is advisable to call ahead to confirm hours or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank or consulting with a loan officer. Fees may apply for specific loan products or services, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the community and surrounding areas. Non-residents may need to meet certain criteria or have a relationship with the bank.
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 to qualify for SBA loans through this bank.
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 your application and the complexity of your loan request.
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