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Ascend Bank

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Description

Ascend Bank offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the 7A loan program, they provide flexible funding options up to $2,245,700, helping entrepreneurs access capital for various purposes such as real estate, equipment, and working capital. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located at One Park St in Guilford, CT, Ascend Bank is committed to fostering local economic development while serving a broad range of industries. Their expertise in SBA loans makes them a reliable partner for small business owners looking for competitive terms and personalized service. Whether you’re a startup or an established business, they aim to support your growth ambitions with tailored financial solutions designed to meet your unique needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that provides SBA loan services, including the 7A program, to small businesses. You can find tailored financing options, expert guidance, and support for business growth and expansion.
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 specialist, 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, with appointments available outside regular hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners nationwide, regardless of residency, as long as they meet the eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred to qualify for SBA loans with favorable terms.
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 and completeness of documentation.
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