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Chelsea State Bank

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Description

Chelsea State Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financing solutions. With a focus on supporting local entrepreneurs, the bank provides various loan options including SBA 7(a) and 504 programs, designed to meet diverse business needs such as expansion, equipment purchase, or working capital. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to community growth is reflected in their personalized service and flexible lending criteria, making them a reliable partner for business owners looking to secure funding. Whether you’re a startup or an established enterprise, Chelsea State Bank aims to foster business success with competitive rates and tailored financial products. Their dedication to customer service and local economic development makes them a strong choice for SBA financing in the Chelsea area.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
41
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and personalized financial services to support local business growth and development.
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 lending specialist, but walk-in consultations may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; 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 local residents and businesses within the Chelsea region, but qualified applicants from surrounding areas may also be considered.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally required, though higher scores improve approval prospects.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of application materials.
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