Beacon Community Bank
Description
Beacon Community Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or working capital. With a focus on personalized service, the bank provides expertise in SBA 7(a) loans, helping clients navigate the application process and secure funding efficiently. Their team is dedicated to understanding each business’s unique needs, offering flexible loan options up to $450,000, and supporting various industries including healthcare, retail, and services. Located in Mount Pleasant, South Carolina, they serve local businesses with a commitment to fostering economic development and providing accessible financing solutions.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and business financing solutions. You can find assistance with SBA 7(a) loans, personalized financial services, and support for local businesses seeking growth capital.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours. Calling ahead can help you meet with the right specialist promptly.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to confirm hours before visiting or scheduling an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting the bank; however, loan processing and application fees may apply for financing services. These are discussed during the loan consultation.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local businesses and residents in South Carolina, but they also support out-of-state clients seeking SBA financing for qualifying projects.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, but the final decision depends on the overall creditworthiness and business profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of your application and the complexity of your loan request.