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Freeport State Bank

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Description

Freeport State Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community, the bank provides SBA 7(a) loans up to $725,000, helping entrepreneurs access capital with favorable terms. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank specializes in supporting small and medium-sized enterprises across various industries, emphasizing personalized service and flexible financing options. Whether you’re looking to purchase equipment, expand facilities, or manage working capital, Freeport State Bank is committed to helping local businesses succeed with tailored SBA loan programs.

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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 bank offering SBA loan programs and financial services designed to support small businesses in the area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with their SBA lending specialists, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 am to 5:00 pm, with special hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only if you proceed with a loan application and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local residents and small business owners within the community, but some services may be available to non-residents upon qualification.
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 required for SBA loan applicants and guarantors.
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.
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