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Citizens Bank, National Association

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Description

Citizens Bank, National Association offers comprehensive SBA lending solutions designed to support small and medium-sized businesses across various industries. With a focus on providing flexible financing options, the bank helps entrepreneurs secure the capital they need for growth, expansion, and operational stability. Their SBA program expertise includes the 7(a) loan program, which is ideal for a wide range of business needs such as working capital, equipment purchase, and real estate acquisition. The bank’s experienced lending team works closely with clients to tailor loan packages that meet specific business goals, ensuring a smooth application process and prompt approval. Citizens Bank’s commitment to small business success is reflected in their personalized service, competitive rates, and extensive knowledge of SBA lending requirements. Whether you’re a startup or an established enterprise, they aim to facilitate your growth journey with reliable financial support and strategic guidance.

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Q&A

Lender Type
Commercial Bank
Google Rating
1.4
Google Review Count
109
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and business financing solutions designed to help small and medium-sized businesses grow and succeed. You can find information about loan options, application processes, and support services tailored to your business needs.
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 officer, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, 9 am to 5 pm, but it"s best to check with your local branch for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information, but loan application and processing may involve standard fees and costs associated with SBA loans.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners and entrepreneurs who meet the eligibility criteria for SBA loans, regardless of residency, as long as the business operates within the bank"s supported regions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 680 is generally preferred, 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 60 days, depending on the complexity of the loan and completeness of the application.
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