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Newtek Bank, National Association

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Description

Specializing in small business financing, this institution offers a range of SBA loan programs designed to support entrepreneurs and growing companies. With a focus on the 7(a) loan program, it provides flexible funding options for various business needs, including working capital, equipment purchase, and expansion. The bank is committed to helping small businesses succeed by providing accessible and tailored financial solutions. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Whether you’re a startup or an established business, they aim to facilitate growth with competitive rates and personalized service. Located in Miami, they serve a broad client base across different industries, emphasizing their dedication to local economic development.

Location

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Q&A

Lender Type
Commercial Bank
Google Rating
2.3
Google Review Count
3
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that specializes in SBA loans and small business financing, offering tailored funding solutions 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 ensure dedicated support, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate from 9 AM to 5 PM, Monday through Friday, but it"s best to confirm with the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for loan processing and services.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs, with services available nationwide to qualified applicants.
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 2 to 4 weeks, depending on the completeness of the application and supporting documents.
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