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Parkway Bank and Trust Company

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Description

Providing comprehensive SBA lending services, this financial institution specializes in supporting small to medium-sized businesses with various loan programs. Whether you’re seeking capital for expansion, equipment, or working capital, they offer tailored solutions to meet your needs. Their expertise includes SBA 7(a) loans, which are ideal for a wide range of business purposes, and they have a history of approving substantial loan amounts, up to $175,000. Located in Harwood Heights, Illinois, they serve local businesses while also supporting clients across the region. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency. With a focus on personalized service, they aim to help entrepreneurs achieve their growth objectives through accessible financing options. This lender is well-versed in SBA programs and committed to fostering small business success in their community and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
10
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs designed to help small businesses grow and succeed. You can find assistance with SBA 7(a) loans, guidance on loan applications, and personalized financial services 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 also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to call ahead for specific hours and appointment availability.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to inquire about SBA loans, but certain 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 lender primarily serves small businesses in Illinois, but eligibility is based on business criteria rather than residency alone.
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, but this can vary depending on the specific loan and borrower profile.
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 complexity of the application and completeness of documentation.
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