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The Hometown Savings Bank

The Hometown Savings Bank
The Hometown Savings Bank

Description

Specializing in small business financing, this commercial bank offers a range of SBA loan options designed to support entrepreneurs and business owners. With a focus on serving the local community, it provides tailored lending solutions to help businesses grow and succeed. The bank has a strong history of supporting small businesses through the SBA 7(a) program, offering loans up to $238,000 for eligible borrowers. Whether you’re seeking funding for expansion, equipment, or working capital, this institution is equipped to assist with your financial needs. Its experienced team understands the nuances of SBA lending and is committed to guiding clients through the application process efficiently and effectively. Located at 533 Ohio St in Terre Haute, IN, the bank is dedicated to fostering economic development within the region. Its primary NAICS code, 442299, indicates a focus on retail trade, particularly in specialized retail stores. The bank prides itself on quick approval times and flexible financing options to meet the diverse needs of small businesses in the area.

Location

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and small business financing solutions to support local entrepreneurs and business owners.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment, but walk-ins are welcome during business hours. Contact the bank in advance to ensure dedicated assistance.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays, so it"s best to call ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan processing and closing may involve standard SBA fees and charges.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the region, but eligibility for loans depends on meeting specific criteria.
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, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.
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