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The Exchange Bank

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Description

The Exchange Bank offers comprehensive SBA loan services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on the local community, this bank provides personalized lending solutions that include SBA 7(a) loans, which are ideal for a variety of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank’s experienced team guides borrowers through the application process, ensuring clarity and support at every step. Their SBA programs are designed to accommodate businesses with diverse needs, offering flexible terms and competitive rates. Whether you’re a startup or an established enterprise, The Exchange Bank aims to facilitate your business ambitions through accessible financing options. Located conveniently in Skiatook, OK, the bank leverages its local market knowledge to serve the community effectively, fostering economic growth and development.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.5
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that provides SBA loan programs and financial services tailored to small businesses in the community.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank, but loan application and processing fees may apply for SBA loans.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the Oklahoma region, but applications are open to qualified businesses nationwide.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher 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 completeness of the application and documentation.
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