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Logansport Savings Bank

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Description

Logansport Savings Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or operational expenses. With a focus on personalized service, the bank provides SBA 7(a) loans up to $500,000, helping entrepreneurs access capital efficiently. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located conveniently at 723 E Broadway in Logansport, IN, the bank emphasizes community banking with a specialization in small business financing. They understand the unique needs of local businesses and offer flexible terms to foster economic development in the region. Whether you’re starting a new venture or expanding an existing business, Logansport Savings Bank is positioned to assist with tailored SBA loan solutions designed to meet diverse business needs. Their commitment to customer success is evident in their dedicated service and extensive industry knowledge, making them a reliable partner for small business owners in Indiana.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
21
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and small business financing solutions designed to help entrepreneurs grow and succeed in their community.
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 specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank is open Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for consulting; however, standard loan application and closing costs may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within the Indiana region, focusing on local community support.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally preferred for loan consideration.
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 documentation provided.
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