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Bank of the Bluegrass & Trust Company

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Description

Offering comprehensive SBA financing options, this commercial bank specializes in supporting small and medium-sized businesses with their growth and expansion needs. With a focus on the SBA 7(a) loan program, it provides flexible funding solutions tailored to various industries and business stages. The bank’s experienced lending team guides clients through the application process, ensuring clarity and efficiency. Located in Lexington, KY, it serves a broad geographic area, helping entrepreneurs access capital for equipment, inventory, working capital, and real estate purchases. Its commitment to personalized service and financial expertise makes it a trusted partner for business owners seeking reliable SBA-backed financing. The bank has successfully approved loans up to $234,000, demonstrating its capacity to support diverse funding requirements. Whether you’re starting a new venture or expanding an existing business, this institution offers the financial tools and guidance necessary to achieve your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
32
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA-backed loan programs designed to help small and medium-sized businesses access financing for growth, expansion, and operational needs. You can find information about loan options, application processes, and personalized financial guidance here.
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-in consultations may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, 9:00 AM to 5:00 PM, but it"s best to contact them directly for specific appointment times or after-hours services.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation services, but loan processing and application fees may apply depending on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in the Lexington area, but eligibility for specific loan programs depends on meeting credit and business criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred for loan approval, though higher scores improve chances for favorable terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and the complexity of the loan.
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