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PCR Small Business Development

Offering comprehensive SBA financing options, this commercial bank specializes in supporting small businesses with funding solutions tailored to their needs. Located in Los Angeles, it provides a range of loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment purchase, and expansion projects. The bank is experienced in handling SBA loans with approval amounts up to $75,000, ensuring quick and reliable access to capital for small business owners. Its team is dedicated to guiding clients through the application process, providing personalized service to help businesses grow and succeed. With a focus on the retail sector, particularly within the NAICS code 445110, the bank understands the unique financial needs of local retailers and service providers. Whether you’re starting a new venture or expanding an existing business, this institution offers flexible lending options designed to meet your goals. The bank’s commitment to small business development is reflected in its support for various SBA programs, including 7(a), 504, and Express loans, making it a versatile partner for entrepreneurs across the Los Angeles area.

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Lender Type

Commercial Bank

Google Rating

4.5

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Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank that offers SBA loan programs designed to support small businesses, including funding options for startups, expansions, and equipment purchases. They provide personalized assistance to help entrepreneurs access the capital they need to grow their businesses in the Los Angeles area.

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-ins may be accommodated depending on availability. Calling ahead can help streamline the process and prepare necessary documentation.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Appointments outside regular hours may be available upon request.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting; however, loan processing fees and interest rates apply based on the specific loan program and terms.

Question 5

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

Answer 5

This bank primarily serves small business owners in the Los Angeles area, but eligibility is based on business criteria rather than 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 620 is generally required to qualify for SBA loans through this lender.

Question 7

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

Answer 7

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.

PCR Small Business Development

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