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Bank & Trust Company

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Description

Bank & Trust Company offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the SBA 7(a) loan program, they provide flexible financing options for various business needs, including working capital, equipment purchase, and real estate acquisition. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. Located in Litchfield, Illinois, they serve local businesses and have a strong record of approving substantial loans, with approvals reaching up to $2,430,000. The bank prides itself on personalized service and a deep understanding of small business financing requirements, making it a reliable partner for entrepreneurs looking to expand or stabilize their operations.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan services, including 7(a) and other small business financing options, to help entrepreneurs grow and succeed.
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 may be accommodated based on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with special hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire; fees apply only to specific loan processing and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the regional area.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the application.
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