Texas Security Bank
Description
Specializing in small business financing, this commercial bank offers a range of SBA loan programs designed to support entrepreneurs and business owners. With a focus on the needs of local businesses, they provide tailored lending solutions to help clients grow and succeed. Their expertise includes SBA 7(a) loans, which are ideal for working capital, equipment purchases, and expansion projects, with approval amounts reaching up to $4,515,300. The bank emphasizes personalized service and flexible terms to meet the unique needs of each borrower. Whether you’re starting a new venture or expanding an existing business, their team is committed to guiding you through the lending process efficiently and effectively.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
5
Google Review Count
176
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that provides SBA loan programs and financial services tailored to small businesses, helping entrepreneurs secure funding for growth and operations.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet 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 Monday through Friday from 9:00 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; however, loan processing and closing fees may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within the Dallas region, but they welcome qualified applicants from outside the area as well.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred 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 complexity of the loan and completeness of application materials.