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TruBank

TruBank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on serving the local community, this bank provides various loan options including SBA 7(a) loans, which are ideal for working capital, equipment purchases, and business expansion. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. Known for their personalized approach, TruBank helps entrepreneurs navigate the complexities of SBA financing with ease. The bank’s commitment to small business success is reflected in their flexible lending criteria and dedicated customer service. Whether you’re starting a new venture or expanding an existing business, TruBank is equipped to help you secure the funding you need to achieve your goals. Their local presence in Indianola allows for personalized service, making them a trusted partner for small business owners in the region.

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Lender Type

Commercial Bank

Google Rating

4.2

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a local bank that offers SBA loan programs and small business financing solutions. You can find personalized support, guidance through the application process, and access to various SBA loan options tailored to small business needs.

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 officer, but walk-in consultations may also be available 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. It"s best to call ahead to confirm availability for specific services.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the service requested.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves small business owners in the Indianola region, but eligibility for SBA loans is open to qualified applicants nationwide.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 640 is preferred, but higher scores improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

TruBank

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