Go Back

Independence Bank

Independence Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various SBA programs including the 7(a) loan program, which is ideal for a wide range of business purposes such as working capital, equipment purchase, or real estate acquisition. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s lending approach emphasizes understanding each business’s unique needs, offering flexible terms and competitive rates. Whether you’re a startup or an established enterprise, Independence Bank aims to facilitate your financial goals with tailored lending options and expert advice. Located in East Greenwich, RI, the bank is committed to supporting local businesses with reliable SBA financing options designed to foster growth and success.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that provides SBA loan options to small businesses, offering personalized financial solutions to support growth and expansion in the local community.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9 am to 5 pm, Monday through Friday, but hours may vary, so it"s best to contact ahead.

Question 4

Is there a fee to use this?

Answer 4

Fees may include application fees and closing costs, which will be detailed during the loan consultation.

Question 5

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

Answer 5

This service is primarily open to small businesses in the region, with a focus on local entrepreneurs and residents.

Question 6

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

Answer 6

A minimum personal credit score of around 650 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 loan complexity and completeness of application.

Independence Bank

Description

Location

Review

Q&A