Florence Bank
Description
Florence Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing flexible terms and competitive rates. Their experienced team guides borrowers from application to approval, ensuring a smooth process. Located in Florence, MA, the bank is committed to supporting local entrepreneurs and fostering economic development in the region. They also provide traditional banking services alongside their SBA loan offerings, making them a versatile financial partner for small business owners.
Location
Review
Login to Write Your ReviewThere are no reviews yet.
Q&A
Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
23
Question 1
What is this place and what can I find here?
Answer 1
This is Florence Bank, where you can find a range of banking services including SBA loan programs, business financing, and personalized financial support tailored to small businesses in the Florence area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment for SBA loan consultations, but walk-ins are also welcome during regular banking hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 4:00 PM, with additional hours available by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; applicable loan fees are discussed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners and entrepreneurs in the Florence area seeking SBA financing and banking support.
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 this can vary based on the loan specifics and overall financial profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes approximately 30 to 45 days, depending on the completeness of the application and supporting documents.