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American Exchange Bank

American Exchange Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financing options. Whether you’re looking for working capital, equipment loans, or real estate financing, this bank provides flexible solutions to support your business growth. With a focus on personalized service, they assist clients through the entire loan process, ensuring clarity and efficiency. Their expertise in SBA programs helps entrepreneurs access funding with favorable terms and competitive rates. Located in Henryetta, Oklahoma, they serve local businesses and beyond, leveraging their experience to facilitate loans that meet diverse industry needs. The bank’s commitment to community development and small business success makes them a reliable partner for your financial needs. They support various SBA programs, including the 7(a) loan program, and are equipped to handle loan amounts up to $157,500, making them a strong choice for small business financing in the region.

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Lender Type

Commercial Bank

Google Rating

4.1

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Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused bank offering SBA loan programs, business financing, and personalized banking services to support local entrepreneurs and small businesses.

Question 2

Do I need an appointment or can I walk in?

Answer 2

You can walk in during business hours or schedule an appointment for a more personalized consultation with their lending specialists.

Question 3

What are the hours of operation?

Answer 3

The bank operates from 9 AM to 5 PM, Monday through Friday, with extended hours by appointment.

Question 4

Is there a fee to use this?

Answer 4

There may be fees associated with loan processing and closing, but consulting with the bank can provide specific details for your situation.

Question 5

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

Answer 5

This bank primarily serves local residents and small businesses in Oklahoma, but they also support regional clients seeking SBA loans.

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 preferred for SBA loan guarantors.

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 your application and documentation.

American Exchange Bank

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