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Renaissance Economic Development Corporation

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Renaissance Economic Development Corporation
Renaissance Economic Development Corporation

Description

Renaissance Economic Development Corporation offers comprehensive SBA lending services designed to support small businesses in securing financing for growth and development. Specializing in SBA 7(a) loans, they provide flexible funding options tailored to meet the needs of entrepreneurs and established companies alike. Whether you’re looking for working capital, equipment financing, or real estate loans, this institution is committed to helping clients navigate the complexities of SBA programs with personalized guidance. Their team understands the nuances of SBA lending and works closely with borrowers to ensure smooth application processes and favorable terms. Located in New York, they serve a diverse range of industries, emphasizing their adaptability and dedication to economic development within the region. With a focus on small business success, they also support microloans and other SBA initiatives, making them a versatile partner for various funding needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that provides SBA loans and small business financing options. You can find assistance with funding for growth, equipment, real estate, and working capital tailored to small 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 service, but walk-ins may be accommodated depending on availability. Contact ahead to confirm the best way to meet your needs.
Question 3
What are the hours of operation?
Answer 3
Standard hours are Monday through Friday, 9 AM to 5 PM. Appointments outside these hours can often be scheduled upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan processing and application fees may apply depending on the specific financing option.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs within the region, but eligibility depends on meeting specific loan criteria and credit requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify 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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