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Asian Bank

Asian Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on providing accessible financing options, the bank specializes in SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. Located in Philadelphia, this institution leverages its regional expertise to serve local businesses while also supporting clients across broader markets. The bank emphasizes personalized service and flexible loan structures to meet the unique needs of each borrower. Whether you’re a startup or an established enterprise, Asian Bank aims to facilitate your business success through reliable SBA programs and competitive terms. Their team is dedicated to guiding applicants through the application process, ensuring clarity and support at every step. The bank’s commitment to small business growth is reflected in its extensive experience with SBA loans, making it a trusted partner for entrepreneurs looking to access government-backed financing options.

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Lender Type

Commercial Bank

Google Rating

2.8

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs designed to support small and medium-sized businesses. You can find information about loan options, application processes, and personalized assistance for your business financing needs.

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 be accommodated depending on availability. Contact the branch in advance for the best experience.

Question 3

What are the hours of operation?

Answer 3

The branch typically operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it"s best to call ahead.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to visit or consult with the bank, but loan application and processing fees may apply depending on the loan product and terms.

Question 5

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

Answer 5

The bank primarily serves small business owners and entrepreneurs within its regional service area, but eligibility depends on meeting specific loan criteria and qualification standards.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

Typically, a minimum personal credit score of 650 is preferred, though higher scores improve the chances of approval. Each application is evaluated on a case-by-case basis.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

Asian Bank

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