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Sturdy Savings Bank

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Description

Sturdy Savings Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides a range of loan options including the SBA 7(a) program, which is ideal for various business purposes such as working capital, equipment purchase, or real estate acquisition. The bank’s experienced lending team guides clients through the application process, ensuring clarity and support at every step. Known for its community-oriented approach, Sturdy Savings Bank combines local expertise with the resources of a full-service financial institution, making it a reliable partner for small business owners in the region. The bank’s approval amounts can reach up to approximately $1,416,600, demonstrating its capacity to support sizable projects. Whether you’re a startup or an established business, the bank is committed to helping you access the funding you need to succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.9
Google Review Count
43
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored for small businesses seeking growth capital and support.
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 may also be accommodated depending on availability.
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 appointments available outside regular hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for certain banking services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small businesses within the region, but non-residents may also be eligible for certain services.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of 620 is generally required for guarantors applying for SBA loans.
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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