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The National Grand Bank of Marblehead

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the SBA 7(a) program, it provides funding options for business expansion, equipment purchase, and working capital needs. The bank is committed to helping entrepreneurs access the capital they need to grow and succeed. Its experienced lending team works closely with clients to tailor financial solutions that meet their unique requirements. Located at 91 Pleasant St in Marblehead, MA, the bank serves a broad range of industries, emphasizing personalized service and flexible financing options. Whether you’re starting a new venture or expanding an existing business, this lender offers the expertise and resources to facilitate your growth. The bank’s primary NAICS code is 531120, indicating a focus on commercial real estate and property management. With approval amounts reaching up to $168,000, it supports small-scale projects with a personalized touch. Its commitment to SBA lending underscores its dedication to fostering small business success across the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs to support small business growth, providing tailored financing solutions and expert guidance.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to discuss your needs, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing general information; loan fees apply based on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents within its regional area.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is typically required for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application.
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