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SouthStar Bank, S.S.B.

SouthStar Bank offers comprehensive SBA lending services, specializing in supporting small businesses with financing solutions tailored to their growth needs. Whether you’re seeking funding for expansion, equipment, or working capital, this bank provides accessible loan programs designed to help entrepreneurs succeed. With a focus on personalized service, they assist clients throughout the application process, ensuring clarity and support at every step. Their expertise includes SBA 7(a) loans, which are ideal for a variety of business purposes, and they have a history of approving substantial amounts, up to $658,800 for qualifying borrowers. Located in Moulton, TX, they serve local and regional clients, emphasizing community development and small business growth. Their team is committed to guiding entrepreneurs through the complexities of SBA financing, making it easier to access capital needed for business success.

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Lender Type

Commercial Bank

Google Rating

4.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a local SBA lender offering small business loans, including SBA 7(a) programs, to help entrepreneurs access capital for growth and development. You can find guidance on loan options, application processes, and personalized support tailored to your business needs.

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 loan officer, but walk-in consultations may be available during business hours. Contact the branch in advance to confirm availability.

Question 3

What are the hours of operation?

Answer 3

The branch operates Monday through Friday from 9:00 AM to 5:00 PM. It"s best to call ahead for specific appointment times or after-hours assistance.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, loan processing and closing fees may apply depending on the loan terms. These are standard in SBA lending processes.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small businesses in the Moulton area and surrounding regions, focusing on local entrepreneurs and community development.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 640 is generally preferred, 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 60 days, depending on the completeness of your application and supporting documents.

SouthStar Bank, S.S.B.

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