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Amistad Bank

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Description

Amistad Bank offers comprehensive SBA lending options tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community, this bank provides personalized service and flexible financing solutions. Their SBA program history includes a strong track record with the 7A loan program, which is ideal for a wide range of business purposes including working capital, equipment purchase, and real estate acquisition. The bank’s expertise in SBA lending ensures that clients receive guidance throughout the application process, from initial consultation to loan closing. They support businesses across various industries, with particular strength in the hospitality and retail sectors, aligning with their primary NAICS code 722515. The largest recorded approval amount reaching $723,000 demonstrates their capacity to handle sizable funding requests, making them a reliable partner for small to medium-sized enterprises.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs designed to help small businesses secure financing for various needs. You can find information about loan options, application processes, and industry-specific support to grow your business.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on 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.
Question 4
Is there a fee to use this?
Answer 4
There are fees associated with loan processing and origination, which vary based on the loan type and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents in the Del Rio area, but eligibility depends on meeting lending criteria.
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 to qualify 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 complexity of the application.
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