Go Back

Prairie State Bank and Trust

Prairie State Bank and Trust offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or working capital. With a focus on personalized service, they help clients navigate the complexities of SBA loan programs, including the popular 7(a) program. Their experienced team provides guidance throughout the application process, ensuring quick and efficient approval times. They support a variety of industries, emphasizing flexibility and customer-centric solutions to meet diverse business needs. Whether you’re a startup or an established enterprise, Prairie State Bank and Trust is committed to helping you achieve your financial goals with tailored loan options and expert advice.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

4.7

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank that provides SBA loan programs, including the 7(a) loan, to help small and medium-sized businesses secure funding for growth and expansion.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but it is best to check directly for specific hours.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to visit the bank; however, loan application and processing fees may apply depending on the loan terms.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves local residents and businesses within its regional area, but some services may be available to out-of-area clients.

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 typically required, though approval depends on overall financial health and collateral.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.

Prairie State Bank and Trust

Description

Location

Review

Q&A