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Summit State Bank

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Description

Summit State Bank offers comprehensive SBA lending solutions tailored to support small businesses in their growth and expansion efforts. With a focus on serving the local community, the bank provides flexible financing options including SBA 7(a) loans, which are ideal for working capital, equipment, and real estate purchases. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s commitment to personalized service helps entrepreneurs secure the funding they need to succeed. Whether you’re a startup or an established business, Summit State Bank aims to meet your unique financial needs with competitive terms and dedicated support. Their SBA program history demonstrates a strong track record of successful loan approvals, making them a reliable partner for small business financing. Located in Santa Rosa, California, they serve a broad regional area, emphasizing their expertise in local market conditions and industry sectors. The bank’s lending team is well-versed in SBA regulations, providing businesses with access to various loan programs, including SBA 7(a) and 504, tailored to different growth stages and industry requirements. Their focus on community development and small business success underscores their role as a trusted financial partner in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions, with a focus on supporting local entrepreneurs and business growth.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the branch; however, loan application and processing fees may apply depending on the service.
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 the region, but eligibility varies by loan program.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally required for loan approval, though higher scores improve chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of documentation and loan complexity.
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