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Applied Bank

Applied Bank offers comprehensive SBA loan services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on facilitating access to capital, the bank provides various SBA programs including the popular 7(a) loan program, which is ideal for working capital, equipment purchase, or real estate acquisition. Their experienced lending team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Wilmington, DE, the bank leverages its regional expertise to serve a diverse client base across the area, offering personalized financial solutions that meet specific business needs. Whether you’re a startup or an established enterprise, Applied Bank strives to support your business ambitions with flexible lending options and competitive rates. The bank’s commitment to small business success is evident in its tailored approach and dedicated customer service, making it a trusted partner for SBA financing in the region.

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Lender Type

Commercial Bank

Google Rating

1.8

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that provides SBA loan services to small and medium-sized businesses, helping them secure financing for growth, equipment, or real estate needs. You can find information about loan programs, application processes, and personalized support tailored to your business goals.

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 may also be accommodated depending on availability. Contact the branch ahead of your visit for the best experience.

Question 3

What are the hours of operation?

Answer 3

The branch typically operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary. It"s best to call ahead to confirm current hours before visiting.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting with the bank; however, loan processing and application fees may apply depending on your financing needs.

Question 5

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

Answer 5

This bank primarily serves small business owners and entrepreneurs within the Wilmington region, but eligibility depends on meeting specific lending criteria and creditworthiness.

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 through this bank.

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 your application.

Applied Bank

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