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Burke & Herbert Bank & Trust Company

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Description

Burke & Herbert Bank & Trust Company offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) and 504 options, designed to help businesses grow, expand, or acquire assets. Their experienced team works closely with clients to understand their unique financial situations and craft customized loan packages that align with their goals. The bank’s expertise extends to industries such as construction, manufacturing, and professional services, making it a versatile partner for diverse business needs. Located in Alexandria, VA, they serve the local community with personalized service and a commitment to fostering economic development. Whether you’re looking for working capital, equipment financing, or real estate loans, Burke & Herbert Bank & Trust Company aims to support your business journey from application to approval, ensuring a smooth and transparent process.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
42
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that offers SBA loan programs and financial services tailored to small businesses. You can find assistance with loans for real estate, equipment, and working capital, along with personalized support from experienced bankers.
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 specialist, but walk-ins are also accommodated depending on 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, with additional hours by appointment on Saturdays.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees are associated with specific loan products and services, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in Alexandria, VA, but may consider applicants from surrounding areas based on eligibility.
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 loan and completeness of documentation.
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