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Southern Bancorp Bank

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Description

Southern Bancorp Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on community development, the bank provides various loan programs including the SBA 7(a) loan program, which is ideal for working capital, equipment purchase, and real estate financing. The bank prides itself on personalized service and flexible lending criteria, making it accessible for small business owners across Arkansas and beyond. Whether you’re a startup or an established enterprise, Southern Bancorp Bank works to understand your unique needs and provide suitable financial solutions to help your business thrive. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank also emphasizes community reinvestment, making it a strong partner for local economic development. Their commitment to small business success is reflected in their tailored approach and dedication to fostering economic growth in the regions they serve.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.5
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs tailored to small businesses, providing financing options for growth, expansion, and operational needs. They focus on personalized service and community development, helping local businesses 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-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday from 8:00 AM to 5:00 PM, but it"s best to call ahead for specific appointment times or special arrangements.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank, but loan applications and processing may involve fees depending on the specific loan program and terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within Arkansas, focusing on community development and local economic growth.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
While specific requirements can vary, a minimum personal credit score of around 650 is generally preferred for SBA loan qualification.
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 the application.
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