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Bankers Trust Company

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Description

Bankers Trust Company offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, working capital, or acquisition needs. As a trusted commercial bank, it provides a range of loan options with flexible terms and competitive rates. The bank specializes in SBA 7(a) loans, helping entrepreneurs access funding with favorable conditions and streamlined approval processes. Located in Des Moines, IA, it serves clients across the region, leveraging its extensive banking expertise to assist businesses at various stages of development. Whether you’re looking to expand operations, purchase equipment, or refinance existing debt, Bankers Trust Company is equipped to guide you through the lending process efficiently. Their team works closely with borrowers to understand their unique needs and craft solutions that align with their business goals. With a focus on personalized service and financial stability, they are committed to supporting the growth of local businesses and fostering economic development in the community.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.1
Google Review Count
19
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 7(a) loans, to help small businesses access funding for growth and operations.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it"s best to contact ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing the bank"s services, but loan-related fees such as guarantee and closing costs may apply.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The services are open to qualified small business owners regardless of residency, provided they meet lending 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 typically required, but higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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