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Rondout Savings Bank

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Description

Rondout Savings Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the Kingston community and beyond, this bank provides flexible loan options under the SBA 7(a) program, assisting entrepreneurs in securing funding with competitive terms. Whether you’re looking to purchase equipment, refinance debt, or expand your business, Rondout Savings Bank has the expertise to guide you through the application process and ensure your financial goals are met. The bank’s dedicated team works closely with clients to understand their unique needs and deliver personalized lending solutions that align with their business plans. With a strong local presence and a commitment to supporting small businesses, Rondout Savings Bank is a reliable partner for your financing needs, offering a straightforward approach to SBA loans and a commitment to customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
23
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 tailored to small businesses in the Kingston area and beyond.
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 lending specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the region, but eligibility for loans depends on creditworthiness and business 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 preferred, though higher scores can improve loan 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 60 days, depending on the completeness of your application and supporting documents.
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