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City National Bank

City National Bank offers comprehensive SBA lending solutions tailored to meet the needs of small and medium-sized businesses. With a focus on supporting business growth, the bank provides various loan programs, including the popular 7(a) loan program, to help fund expansion, equipment purchases, and working capital. Their experienced lending team works closely with clients to understand their unique financial situations and craft customized financing options. Located in Los Angeles, the bank leverages its regional expertise to serve local businesses while also supporting clients across the nation. The bank’s SBA program offerings include flexible terms and competitive rates, making it a reliable partner for entrepreneurs looking to access government-backed financing. Whether you’re a startup or an established enterprise, City National Bank aims to facilitate your business success through accessible and efficient lending services.

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Lender Type

Commercial Bank

Google Rating

3.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs designed to support small business growth, including the popular 7(a) loan program, with personalized assistance and flexible financing options.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to meet with a lender, but walk-in consultations may be available depending on the branch"s capacity and hours.

Question 3

What are the hours of operation?

Answer 3

Standard hours are typically Monday through Friday, 9 AM to 5 PM, but it’s best to check with your local branch for specific times.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to access basic consultation services; however, loan application fees and closing costs may apply depending on the financing arrangement.

Question 5

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

Answer 5

This service is open to eligible small businesses nationwide that meet the SBA program requirements, regardless of residency, as long as they qualify for the loans.

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 generally required, 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 30 to 60 days, depending on the complexity of the application and completeness of documentation.

City National Bank

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