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American Bank of Commerce

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Description

American Bank of Commerce offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, they help clients navigate the complexities of SBA loans, ensuring smooth approval processes and competitive terms. Their experienced team provides guidance on loan options, including the popular SBA 7(a) program, and supports businesses across various industries. The bank’s commitment to community development and small business success makes it a trusted partner for entrepreneurs looking to expand or stabilize their operations. They also provide flexible financing solutions designed to meet the unique needs of each borrower, backed by their extensive knowledge of SBA lending standards and local market conditions. Whether you’re a startup or an established business, American Bank of Commerce aims to facilitate your growth with tailored financial products and dedicated support.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
8
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and business financing solutions designed to support small and medium-sized businesses in their growth and operational needs. You can find expert guidance, loan options, and personalized support to help your business succeed.
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-ins are also welcome during business hours. Calling ahead can help you prepare for your visit.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, 9:00 AM to 5:00 PM. It"s advisable to contact the branch directly for specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, there may be application and closing fees associated with loan processing and approval.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs, with eligibility based on creditworthiness and business qualifications, not residency alone.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for guarantors applying 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 completeness of application and documentation provided.
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