Edison National Bank
Description
Edison National Bank offers comprehensive SBA lending services tailored to meet the financial needs of small and medium-sized businesses. With a focus on supporting local entrepreneurs, the bank provides various loan options including the SBA 7(a) program, which is ideal for business expansion, working capital, and acquisition financing. Their experienced lending team works closely with clients to structure loans that fit their unique requirements, ensuring accessible funding for a wide range of industries. The bank’s commitment to personalized service and flexible lending solutions makes it a trusted partner for business growth in the region.
Location
Review
Login to Write Your ReviewThere are no reviews yet.
Q&A
Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs, including the 7(a) loan, to support small business growth. You can find information about their lending services, application process, and support for entrepreneurs.
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 officer, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, 9:00 AM to 5:00 PM, but it is best to confirm with the local branch.
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 loan type and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but eligibility depends on meeting loan requirements.
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 for loan qualification, though other factors are also considered.
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 application and completeness of documentation.