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American Community Bank

American Community Bank offers a range of SBA lending options tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on community banking, it provides personalized service and flexible financing solutions to meet diverse business requirements. The bank specializes in SBA 7(a) loans, which are ideal for working capital, equipment purchase, or real estate acquisition, with approval amounts reaching up to $820,000. Its experienced team guides borrowers through the application process, ensuring clarity and support at every step. Located in Glen Cove, NY, the bank is dedicated to serving local businesses while also supporting clients across the region. The bank emphasizes quick turnaround times and competitive rates, making it a reliable partner for small business owners looking for accessible financing options. Whether you’re a startup or an established business, American Community Bank aims to foster economic growth by providing tailored financial solutions that align with your business goals.

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Lender Type

Commercial Bank

Google Rating

3.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused bank offering SBA loan programs and personalized financial services for small businesses seeking growth capital or operational funding.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also accommodated depending on staff availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with special hours by appointment on weekends.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting the bank; however, loan application and processing fees may apply depending on the service used.

Question 5

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

Answer 5

The bank primarily serves local residents and small business owners within the region, but eligibility depends on the specific loan program and qualification criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of approximately 640 is generally required, though higher scores improve approval chances.

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 complexity of the loan and completeness of the application.

American Community Bank

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