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American Savings Bank, National Association

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Description

American Savings Bank, National Association offers comprehensive SBA lending services tailored to small businesses seeking financial growth. With a focus on supporting local entrepreneurs, this bank provides a range of loan options including SBA 7(a) loans, which are ideal for working capital, equipment, and expansion projects. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank specializes in serving small to medium-sized businesses across various industries, with a strong emphasis on community development and economic growth. They also provide personalized financial solutions to meet unique business needs, backed by their extensive industry expertise and local presence. Whether you’re looking to start a new venture or expand an existing one, American Savings Bank is committed to helping small businesses succeed with flexible financing options and dedicated support.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
25
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business banking services designed to support entrepreneurs and local businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also accepted during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with some branches offering extended hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services, but loan applications and certain transactions may involve fees disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within its geographic area, but offers services to a broad client base nationwide.
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 generally preferred, 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 60 days, depending on the complexity of the loan and completeness of documentation.
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