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Merchants & Marine Bank

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Description

Merchants & Marine Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, working capital, or acquisitions. With a focus on personalized service, the bank provides expertise in navigating SBA loan programs, including 7(a) and 504 loans, to help clients achieve their business goals. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency from start to finish. Located in Pascagoula, Mississippi, they serve a diverse range of industries, emphasizing local economic development and community support. The bank is committed to fostering strong relationships with clients, offering flexible financing options and competitive terms. Whether you’re a startup or an established business, Merchants & Marine Bank is dedicated to providing the financial tools necessary for success.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
16
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs, business banking services, and financial advice tailored to small and medium-sized businesses in the Pascagoula area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the branch; however, loan application and processing fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and businesses within the Pascagoula community and surrounding regions, with some services available to non-residents upon approval.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is typically required for guarantors applying for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of documentation and loan complexity.
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