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Blue Ridge Bank National Association

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Description

Blue Ridge Bank National Association offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the 7A loan program, the bank provides flexible funding options that can accommodate a variety of business types and sizes. Their experienced lending team works closely with clients to understand their unique requirements and craft solutions that align with their strategic goals. Located at 1 E Market St, Imperial Plaza in Martinsville, VA, the bank is well-positioned to serve local businesses while also supporting clients across the region. They have a proven track record of approving substantial loan amounts, with the largest recorded approval reaching $1,426,000, demonstrating their capacity to handle significant financing requests. The bank emphasizes personalized service, quick turnaround times, and competitive terms to help small businesses succeed in competitive markets. Whether you’re a startup or an established enterprise, Blue Ridge Bank National Association is committed to facilitating your growth through tailored SBA loan programs and expert guidance.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
13
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 tailored to small business needs.
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-in consultations may be available during business hours depending on staff availability.
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 advisable to call ahead to confirm availability or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial inquiries, but loan application and processing fees may apply depending on the specific loan program and terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business clients within its regional service area but offers SBA loan programs accessible to eligible businesses nationwide.
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, though higher scores may improve approval chances and loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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