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Bank of Commerce

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan options, including the SBA 7(a) program. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they help businesses navigate the complexities of SBA loans, making it easier to access the capital needed for growth. Located in Duncan, Oklahoma, they serve local entrepreneurs and small business owners, fostering economic development in the region. The bank’s expertise in SBA programs allows them to offer competitive terms and flexible financing options, helping businesses achieve their goals efficiently.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services tailored for small businesses, providing guidance and support for funding needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with extended hours by appointment upon request.
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 services utilized.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners in Duncan, Oklahoma, but may offer services to others based on eligibility criteria.
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 preferred, though specific requirements may vary based on the loan and borrower profile.
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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