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American Bank of the Carolinas d/b/a American Bank

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Description

American Bank of the Carolinas offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides expertise in navigating SBA loan programs, including the popular 7(a) program, to help clients secure funding efficiently. Their team is dedicated to understanding each business’s unique needs and guiding them through the application process, ensuring a smooth experience from start to finish. Located in Monroe, North Carolina, they serve the local business community while also supporting regional economic development. Whether you’re a startup or an established enterprise, American Bank of the Carolinas provides flexible financing options designed to meet your specific goals. Their loan offerings include working capital, real estate, and equipment financing, backed by a strong understanding of SBA guidelines. The bank prides itself on quick turnaround times and personalized support, making them a reliable partner for your business financing needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
31
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering various loan programs to support small and medium-sized businesses in North Carolina. You can find personalized financing options, expert guidance, and quick turnaround times to help your business grow.
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 officer, but walk-in consultations may be available 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. Appointments outside these hours can be arranged upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the loan product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small and medium-sized businesses within North Carolina, but they welcome inquiries from eligible business owners in the region.
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 preferred, though other factors are also considered during the underwriting process.
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 loan and completeness of the application.
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