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The Fountain Trust Company

The Fountain Trust Company
The Fountain Trust Company

Description

The Fountain Trust Company offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the SBA 7(a) loan program, they assist clients in securing funding for various needs, including working capital, equipment, and real estate acquisitions. Their experienced team provides personalized guidance throughout the loan process, ensuring clients understand their options and requirements. Located in Covington, Indiana, the bank is committed to supporting local entrepreneurs and businesses with flexible financing solutions. They have a history of approving loans up to $100,000, demonstrating their dedication to serving small-scale business needs efficiently. Their expertise extends to supporting startups and established companies alike, making them a reliable partner for your business financing needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that provides SBA loan programs and financial services to small businesses. You can find assistance with funding options, loan applications, and personalized financial guidance tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours for general inquiries.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to call ahead to confirm availability or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire; however, loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within Indiana, but eligibility for SBA programs 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
Typically, a minimum personal credit score of 620 is preferred, but this can vary based on the loan type and applicant circumstances.
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 your application and supporting documents.
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