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Century Savings Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs, including the SBA 7(a) loan. Their team provides tailored financing solutions to help startups, growing companies, and established businesses access capital for expansion, equipment, or working capital needs. With a focus on personalized service, they guide clients through the application process, ensuring clarity and support at every step. The bank’s expertise in SBA loans makes it a reliable partner for entrepreneurs seeking flexible financing options. They also have experience in handling larger approval amounts, up to $255,000, making them suitable for a range of business sizes and needs. Their commitment to small business growth is reflected in their dedicated staff and streamlined procedures, helping clients secure funding efficiently and effectively.

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Lender Type

Commercial Bank

Google Rating

4.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution that offers SBA loan programs designed to help small businesses access capital for growth, expansion, or operational needs. You can find personalized support, expert guidance, and a range of financing options tailored to your business goals.

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 be accommodated depending on availability. Calling ahead can help streamline the process.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary by location. It"s best to contact the branch directly for specific hours.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, loan processing and application fees may apply depending on the loan type and amount. These fees are disclosed upfront during the application process.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small business owners across the country, regardless of residency, as long as the business meets their lending criteria and SBA program requirements.

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 generally preferred, but higher scores can improve the likelihood of approval and better 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.

Century Savings Bank

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