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Terrabank, National Association

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan programs designed to meet diverse needs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to help your business grow. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. With a focus on small business success, the bank leverages its extensive resources and industry expertise to facilitate access to capital. Located in Miami, FL, they serve a broad geographic area and are committed to fostering local economic development. Their SBA program history includes a strong track record with the 7(a) loan program, offering flexible financing options. The bank is known for its quick approval turnaround and personalized service, making it a reliable partner for entrepreneurs and small business owners.

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Commercial Bank

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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 solutions. You can find information about loan programs, application processes, and personalized support for your business needs.

Question 2

Do I need an appointment or can I walk in?

Answer 2

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

Question 3

What are the hours of operation?

Answer 3

The branch operates from 9 AM to 5 PM, Monday through Friday, but hours may vary for different locations or services.

Question 4

Is there a fee to use this?

Answer 4

There may be application and processing fees associated with loans, but there is no fee to simply visit or inquire about services.

Question 5

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

Answer 5

This institution primarily serves small business owners and entrepreneurs within its regional service area, but eligibility depends on meeting specific loan criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 620 is preferred, but higher scores improve approval chances.

Question 7

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

Answer 7

The underwriting process generally takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.

Terrabank, National Association

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