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Avana Bank

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Description

Avana Bank offers comprehensive SBA lending services tailored to small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, this bank provides access to various SBA programs, including the popular 7(a) loan program, which helps fund business expansion, equipment purchases, and working capital needs. The bank’s experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located in Abilene, TX, Avana Bank is committed to fostering economic growth within its community by providing flexible loan options and personalized service. Whether you’re a startup or an established business, they aim to help you achieve your financial goals with tailored solutions and expert advice.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
5
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 financing solutions. You can find information about loan options, application processes, and support services for entrepreneurs and small business owners.
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 are also welcome during business hours.
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 application and processing fees associated with SBA loans, which vary depending on the loan size and type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners and entrepreneurs within the region, regardless of residency, provided they meet the loan eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred for guarantors applying for SBA loans.
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 completeness of the application and supporting documents.
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