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Bank of Washington

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Description

The Bank of Washington offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support. With a focus on facilitating growth and expansion, this institution provides various loan options, including the SBA 7(a) program, to help entrepreneurs access capital efficiently. Located in Washington, Missouri, the bank specializes in supporting local businesses with personalized service and flexible financing solutions. Their experienced team guides clients through the application process, ensuring clarity and transparency at every step. Whether you’re looking to purchase equipment, expand operations, or manage cash flow, the Bank of Washington is committed to helping small businesses succeed. The bank’s expertise in SBA lending makes it a reliable partner for entrepreneurs aiming to leverage government-backed loans for their business goals. They also offer advice on loan structuring and repayment options, making the borrowing process straightforward and accessible. With a strong community presence, the bank understands the local market dynamics and works closely with clients to tailor financial products that fit their unique needs. Their commitment to supporting small business growth is evident through their dedicated service and extensive SBA program experience. Overall, the Bank of Washington is a trusted resource for small business owners looking for SBA loan solutions in Missouri and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that offers SBA loan programs to small businesses, providing financing options and expert guidance to help entrepreneurs grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with their SBA lending specialists, but walk-ins may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank is typically open from 8:30 AM to 5:00 PM, Monday through Friday, but it"s best to call ahead for specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the specific loan program.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves small business owners in Missouri, but SBA loan programs can be accessed by eligible entrepreneurs nationwide.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 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 complexity of the loan and completeness of the application.
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