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South Story Bank & Trust

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Description

Specializing in small business financing, South Story Bank & Trust offers a range of SBA loan programs designed to support business growth and development. With a strong focus on the needs of local entrepreneurs, this bank provides personalized service and flexible lending options to help businesses secure the capital they need. Whether you’re looking for funding to expand operations, purchase equipment, or manage cash flow, South Story Bank & Trust can assist with tailored solutions that meet your specific requirements. Their SBA program experience includes the 7(a) loan program, which is ideal for a variety of business purposes, offering competitive terms and accessible application processes. The bank’s commitment to supporting small businesses is evident in their dedicated team and streamlined procedures, making it easier for borrowers to navigate the lending process and achieve their goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
4
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank specializing in SBA loans and small business financing, providing tailored lending solutions to support local entrepreneurs and business growth.
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-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 4:30 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the community and surrounding regions.
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 typically required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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