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Cayuga Lake National Bank

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Description

Cayuga Lake National Bank offers specialized SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the 7A loan program, this bank provides flexible financing options that can help entrepreneurs secure funding for various needs, including working capital, equipment purchases, and real estate investments. Located in Union Springs, NY, the bank is committed to supporting local businesses and fostering economic development in the region. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency. The bank’s SBA program history reflects a strong track record of successful approvals, with loans up to $55,000 recorded as the largest approval amount. Whether you’re a startup or an established business, Cayuga Lake National Bank aims to facilitate your financial goals with personalized service and reliable funding options.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
23
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans, primarily through the SBA 7A program, to support regional economic growth. You can find personalized assistance and access to funding 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 visits may be accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank, but standard loan application and processing fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners in the regional area, but eligibility depends on meeting the SBA loan requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred for SBA loan eligibility.
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 the application and supporting documents.
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