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Peoples Exchange Bank

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Description

Peoples Exchange Bank offers comprehensive SBA loan services tailored to meet the needs of small businesses seeking financial support. With a focus on facilitating growth and expansion, this bank provides various loan programs including the SBA 7(a) loan program, which is ideal for working capital, equipment purchase, and business acquisition. Located in Winchester, KY, the bank is committed to serving local entrepreneurs and small business owners by providing personalized lending solutions and expert guidance throughout the loan process. Their experienced team understands the nuances of SBA lending and works closely with clients to ensure smooth approval and funding procedures. Whether you’re a startup or an established business, Peoples Exchange Bank aims to support your financial goals with competitive rates and flexible terms. They also offer resources and advice to help you navigate the complexities of SBA lending, ensuring you get the right funding at the right time to grow your business effectively.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan services and financial solutions for small businesses in Winchester, KY. You can find personalized support, loan options, and expert guidance to help grow your business.
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-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 4:30 PM, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; however, standard loan application and guarantee fees may apply if you proceed with a loan.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in Winchester, KY, but welcomes inquiries from local residents seeking SBA loans.
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 other factors are also considered.
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 documentation.
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