Baltimore Community Lending, Inc.
Description
Offering comprehensive SBA lending services, Baltimore Community Lending, Inc. specializes in supporting small businesses through various loan programs. With a focus on community development and economic growth, this institution provides tailored financing options to meet diverse business needs. Their team is dedicated to guiding clients through the loan process, ensuring clarity and support at every step. They have a proven track record of approving significant loan amounts, such as up to $288,000, primarily under the SBA 7(a) program. Located at 875 Holins St., Suite 301 in Baltimore, MD, they serve a broad spectrum of industries, emphasizing small business growth and sustainability.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused SBA lender offering small business loans, microloans, and support programs designed to help entrepreneurs grow and succeed in the Baltimore 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 assistance, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The office operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary for appointments or special circumstances.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information, but application fees and closing costs may apply depending on the loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses within the Baltimore region, with eligibility based on business criteria and community impact.
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 generally recommended, but approval depends on overall financial health and business viability.
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.