Go Back

Common Capital Inc.

Offering comprehensive financial services tailored to small businesses, this lender specializes in SBA loans to support business growth and development. With a focus on the Springfield community, they provide accessible funding options for entrepreneurs seeking capital for various needs, including expansion, equipment purchase, and working capital. Their experienced team guides clients through the loan process, ensuring clarity and support at every step. They are well-versed in SBA programs, including the 7(a) loan program, and have a history of approving substantial loan amounts, up to $99,000, to meet diverse business requirements. Whether you’re a startup or an established enterprise, this lender aims to facilitate your business success with flexible financing solutions and personalized service.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

4.7

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loans and small business financing services, helping entrepreneurs access capital for growth and development.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure personalized service, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, the hours are Monday through Friday, 9 am to 5 pm, but it’s best to confirm by contacting the branch directly.

Question 4

Is there a fee to use this?

Answer 4

There may be application fees and closing costs associated with loans; these vary based on the specific loan program and amount.

Question 5

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

Answer 5

This lender primarily serves small business owners and entrepreneurs in the Springfield area, but eligibility depends on meeting 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 process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Common Capital Inc.

Description

Location

Review

Q&A