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Mission Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various financing options. Whether you’re seeking a loan for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their expertise in SBA programs ensures competitive rates and flexible terms, making it easier for small businesses to grow and succeed. The bank’s experienced team guides clients through the application process, helping them understand eligibility requirements and documentation needed. With a focus on personalized service, they aim to build long-term relationships with local entrepreneurs. Their SBA program history includes a strong track record of successful approvals, including notable loans up to $302,400. Located in Bakersfield, CA, they serve a diverse range of industries, with a particular strength in supporting businesses within the NAICS code 811111, which pertains to general automotive repair. This bank is committed to fostering economic development in the region by providing accessible and reliable financing options.

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Lender Type

Commercial Bank

Google Rating

3.8

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs and small business financing solutions, with a focus on regional support and personalized service.

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 also be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it’s best to contact ahead.

Question 4

Is there a fee to use this?

Answer 4

There may be application and processing fees associated with SBA loans, which are disclosed during the application process.

Question 5

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

Answer 5

This bank primarily serves small business owners and residents within the region, but eligibility depends on meeting specific loan criteria.

Question 6

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

Answer 6

A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances.

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 completeness of application documentation and loan complexity.

Mission Bank

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