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TrustBank

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Description

TrustBank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth and expansion. With a focus on the 7A loan program, it provides flexible financing options for various business needs, including working capital, equipment purchases, and real estate acquisitions. Located in Olney, Illinois, TrustBank has a strong local presence and a history of supporting regional economic development. The bank is committed to providing personalized service and expert guidance throughout the loan process, ensuring clients understand their options and obligations. Its experienced lending team works closely with borrowers to structure loans that meet their specific needs, leveraging SBA programs to maximize benefits. TrustBank’s commitment to community growth is reflected in its dedication to fostering long-term relationships with its clients and supporting local entrepreneurs. Whether you’re starting a new business or expanding an existing one, TrustBank is equipped to help you navigate the complexities of SBA lending with confidence and clarity.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
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 financial services designed to support small businesses in the region. You can find personalized assistance, expert guidance, and flexible financing options tailored to your business needs. The bank specializes in SBA 7A loans, helping entrepreneurs access capital for growth, real estate, and equipment purchases.
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 specialist, but walk-in consultations may also be available during business hours. Contact the branch in advance to confirm availability and prepare your documentation.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to call ahead to confirm hours or to schedule an appointment outside regular hours if needed.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations or inquiries. Fees associated with SBA loans, such as application and guarantee fees, are disclosed upfront during the loan process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region. Business 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
A minimum personal credit score of 640 is generally recommended, but creditworthiness, collateral, and business performance are also important factors in the approval process.
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 loan and the completeness of your application and documentation.
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