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The Bank of Glen Burnie

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Description

The Bank of Glen Burnie offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a strong focus on the local community, this institution provides flexible financing options including SBA 7(a) loans, which are ideal for working capital, equipment purchase, or real estate acquisition. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to small business success is reflected in their personalized service and competitive loan terms. They also support other SBA programs, making them a versatile choice for entrepreneurs looking for reliable funding sources. Whether you’re a startup or an established business, they aim to facilitate your financial goals with tailored solutions and expert advice. Their primary NAICS code, 811121, indicates a focus on automotive repair and maintenance, but they serve a broad range of industries. The bank’s approval amounts can go up to $825,000, providing substantial funding options for various business needs. Located at 101 Crain Hwy SE in Glen Burnie, MD, they are well-positioned to serve the local business community and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
36
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that provides SBA loan programs and financial services tailored to small businesses, including SBA 7(a) loans, with personalized support and flexible financing options.
Question 2
Do I need an appointment or can I walk in?
Answer 2
Appointments are recommended to ensure dedicated service, but walk-ins may be accommodated depending on availability. It"s best to call ahead to schedule a meeting.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it"s advisable to check ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents in the Glen Burnie area, but they also support regional clients seeking SBA financing.
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, but final decisions depend on overall creditworthiness and business factors.
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 completeness of application and documentation provided.
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