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The Friendship State Bank

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Description

The Friendship State Bank offers comprehensive SBA lending options tailored to meet the needs of small businesses in the region. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) and 504, helping businesses secure funding for growth, equipment, or real estate. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. Whether you’re starting a new venture or expanding an existing business, the bank’s flexible financing solutions are designed to accommodate diverse industry needs. Located at 5908 E Main St in Friendship, IN, the bank is committed to fostering economic development within the community. They also provide personalized service to help clients understand loan terms, repayment options, and eligibility criteria. The bank’s primary goal is to empower small businesses with access to capital that fuels their success and sustainability.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that offers SBA loan programs to help small businesses secure funding for growth and development. You can find personalized financial services, expert guidance, and a variety of loan options tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations are also available during business hours for quick inquiries.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Appointments outside these hours can be arranged upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult with the bank; however, loan application and processing fees may apply depending on the services utilized.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves residents and small businesses within the local community, but they welcome inquiries from new clients interested in 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 620 is generally required for guarantors applying 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 45 days, depending on the complexity of the application and completeness of documentation.
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