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American Bank, National Association

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Description

American Bank, National Association offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financing options. With a focus on supporting local entrepreneurs, this bank provides a variety of loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment purchases, and expansion projects. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank’s strong approval record, with loans up to $3,691,000, demonstrates their commitment to facilitating substantial business growth. Located in Dallas, TX, they serve a broad range of industries, emphasizing personalized service and flexible financing solutions. Whether you’re a startup or an established enterprise, American Bank is equipped to help you secure the funding necessary to succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
65
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering small business loans, including the SBA 7(a) program, with experienced staff to guide you through the application process and secure funding for your business 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 may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it’s best to confirm ahead of your visit.
Question 4
Is there a fee to use this?
Answer 4
There are standard fees associated with SBA loans, including guaranty and closing fees, which will be disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners in the Dallas area, but eligibility is based on business criteria and creditworthiness, not residency alone.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred, though higher scores can improve loan terms.
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 complexity of the application and completeness of documentation.
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