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Citizens State Bank of New Castle

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Description

Citizens State Bank of New Castle offers comprehensive SBA loan services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various SBA programs including the popular 7(a) loan program, which helps entrepreneurs access funding with flexible terms. Whether you’re starting a new venture or expanding an existing business, this bank can assist with loans up to $150,000, making it an ideal partner for small to medium-sized enterprises. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. Located conveniently on Broad Street in New Castle, the bank is committed to fostering local economic development while offering competitive rates and transparent fee structures. They understand the unique needs of local businesses and aim to provide accessible financing options to help them succeed in a competitive market. The bank’s approach emphasizes quick turnaround times and personalized service, making it a trusted resource for small business owners in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
98
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and personalized financial services to small businesses in the New Castle area, helping entrepreneurs access funding for growth and operations.
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 are also accommodated during business hours.
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 fees associated with loan processing and closing, which are transparently disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, with some services available to non-residents under specific conditions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
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 completeness of documentation and loan complexity.
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