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CenTrust Bank, A Division of SmartBiz Bank National Association

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Description

CenTrust Bank, a division of SmartBiz Bank National Association, offers comprehensive SBA lending solutions designed to support small and medium-sized businesses across various industries. With a focus on facilitating growth and expansion, this lender provides tailored financing options including SBA 7(a) loans, which are ideal for purchasing equipment, real estate, or working capital. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency from start to finish. Located in Northbrook, Illinois, they serve clients nationwide, leveraging their strong understanding of diverse industry needs. Whether you’re a startup or an established enterprise, CenTrust Bank aims to deliver flexible funding options with competitive terms. They are committed to helping entrepreneurs access the capital necessary to succeed, providing personalized service and expert advice throughout the lending journey. Their support extends to various industries, with particular strength in manufacturing and services sectors. As a trusted SBA lender, they prioritize customer satisfaction and strive to foster long-term business growth through innovative financing solutions.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a resource for small business owners seeking SBA loans, providing information on loan options, application processes, and support services to help you secure funding.
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-in consultations may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The office operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary for specific services or appointments.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing general information; fees may apply for specific services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to eligible small business owners nationwide who meet the 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 640 is generally 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 typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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