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Central Bank & Trust Co.

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Description

Offering comprehensive SBA financing options, this lender specializes in supporting small businesses through various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on small business growth, they serve a diverse range of industries and are committed to fostering economic development in the Lexington area. Their services include SBA 7(a) loans, with a history of approving amounts up to $95,000, and they are well-versed in navigating the complexities of SBA lending standards. This institution emphasizes personalized service, quick turnaround times, and flexible financing options to help small businesses succeed and thrive in competitive markets.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and small business financing solutions to support local entrepreneurs and businesses in Lexington and beyond.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information; however, loan processing and application fees may apply depending on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the Lexington area, but they also support regional clients seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher is generally preferred for loan qualification.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.
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