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Red River State Bank

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Red River State Bank
Red River State Bank

Description

Red River State Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support. With a focus on fostering local economic growth, the bank provides various loan programs including the SBA 7(a) loan, which is ideal for business expansion, working capital, or purchasing equipment. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank specializes in serving diverse industries, with particular strength in sectors like healthcare, retail, and professional services. Whether you’re a startup or an established enterprise, Red River State Bank aims to meet your financing needs with personalized solutions and competitive terms. Their commitment to community development and small business success makes them a trusted partner for entrepreneurs in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs, financial services, and expert guidance to help small businesses grow and succeed.
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-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting or consulting; however, loan application fees and closing costs may apply based on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank serves small business owners and entrepreneurs within the region, regardless of residency, provided they meet loan criteria.
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 higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and documentation.
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