Quad City Bank and Trust Company
Description
Specializing in small business financing, this bank offers a range of SBA loan programs to support entrepreneurs and business owners. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. With a focus on the SBA 7(a) program, they assist clients in navigating the application process and securing funding up to $445,300, helping businesses grow and succeed.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
5
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs to small businesses, providing financing solutions for growth, equipment, and working capital needs. They focus on personalized service and guiding clients through the SBA loan process to secure funding successfully.
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 specialist, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to call ahead to confirm hours or schedule an appointment outside regular hours if needed.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan fees and closing costs apply depending on the financing arrangement. Fees are disclosed upfront during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within its regional service area. Eligibility depends on meeting loan criteria and business qualifications.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, but higher scores improve the chances of approval and favorable terms.
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 complexity of the loan and completeness of documentation provided.