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Mascoma Bank

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Description

Mascoma Bank offers comprehensive SBA lending services designed to support small and medium-sized businesses in their growth and development. With a focus on facilitating access to capital, the bank provides tailored loan solutions including SBA 7(a) loans, which are ideal for business expansion, equipment purchase, or working capital needs. Their experienced team works closely with clients to understand their unique financial situations and craft financing options that align with their goals. The bank’s commitment to personalized service ensures that borrowers receive guidance throughout the application process, from initial consultation to loan closing. Located in Lebanon, New Hampshire, Mascoma Bank leverages its regional expertise to serve local businesses while maintaining a strong understanding of the broader economic landscape. Whether you’re a startup seeking initial funding or an established business looking to expand, Mascoma Bank’s SBA programs can provide the necessary financial support to achieve your objectives.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted regional bank offering SBA loan programs to support small and medium-sized businesses. You can find personalized financial solutions and expert guidance to help grow your business.
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 may also be accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank"s branch hours are typically Monday through Friday from 9 am to 5 pm, but it is best to contact the branch directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are application and closing fees associated with SBA loans, which are disclosed during the application process. No additional usage fees apply for accessing banking services.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in the Lebanon, NH area, but they also support regional clients seeking 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 approximately 650 is generally recommended for SBA loan approval.
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 completeness of the application and the complexity of the loan.
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