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Carrollton Bank

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Description

Carrollton Bank offers comprehensive SBA lending services tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides a range of loan options including the SBA 7(a) program, which is ideal for funding business expansion, equipment purchases, and working capital needs. Their experienced lending team works closely with clients to understand their unique financial situations and craft suitable loan solutions. The bank’s commitment to personalized service ensures that each borrower receives guidance throughout the application process, from initial inquiry to loan closing. Whether you’re a startup or an established business, Carrollton Bank strives to facilitate access to capital that helps your enterprise thrive. The bank’s primary NAICS code, 332420, indicates a specialization in manufacturing, aligning their expertise with manufacturing sector clients. Their approval amounts can reach up to $3.5 million, making them a strong choice for businesses with substantial funding needs. Located in Carrollton, Illinois, the bank supports local economic development while also serving a broader regional clientele.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is Carrollton Bank, a local financial institution offering SBA loans and banking services to support small business growth and development in Illinois and nearby regions.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan specialist, 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 4:30 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services; loan application fees and closing costs may apply depending on the specific loan.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in Illinois and the surrounding region, but non-residents may also qualify based on their business location and needs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though higher scores may improve loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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