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Dean Co-operative Bank

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Description

Dean Co-operative Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on serving the Franklin community and surrounding areas, the bank provides a range of loan options including SBA 7(a) loans, which are ideal for working capital, equipment purchase, and real estate acquisition. The bank’s experienced lending team guides clients through the application process, ensuring clarity and support at every step. Their expertise in SBA programs helps businesses access funding with favorable terms and competitive rates. Whether you’re a startup or an established enterprise, Dean Co-operative Bank is committed to fostering local economic growth through personalized service and flexible financing solutions. The bank’s primary NAICS code, 562991, indicates a specialization in environmental and other miscellaneous waste management services, reflecting their understanding of niche industry needs. Their largest recorded approval amount of $405,000 demonstrates their capacity to support diverse business sizes and needs. Located at 21 Main St in Franklin, MA, the bank is a trusted community partner dedicated to helping small businesses thrive.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
29
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA lending services, personal banking, and financial support for small businesses in Franklin and nearby 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 assistance, but walk-in services may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
Fees depend on the specific banking services or loans; details are provided during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses within the Franklin community and surrounding areas.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of approximately 640 is generally required, though it can vary based on the loan and applicant profile.
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 completeness of application materials.
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