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Torrington Savings Bank

Torrington Savings Bank
Torrington Savings Bank

Description

Torrington Savings Bank offers comprehensive SBA lending options tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. The bank’s experienced lending 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 in Torrington, Connecticut, this community-oriented bank prides itself on building strong relationships with local businesses and entrepreneurs. Whether you’re a startup or an established enterprise, Torrington Savings Bank aims to support your business goals with flexible financing solutions and dedicated customer service. The bank’s commitment to small business success is reflected in its tailored loan programs, competitive rates, and knowledgeable staff ready to assist at every step.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
13
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 personalized banking services to support small business growth and success in Torrington and surrounding areas.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, 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 standard fees associated with SBA loans and banking services, which vary depending on the specific product and transaction.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses within the Torrington area and surrounding communities.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, but other factors are also considered during underwriting.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan and completeness of the application.
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