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City State Bank

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Description

City State Bank offers comprehensive SBA lending solutions designed to support small businesses in their growth and development. With a focus on the 7A loan program, it provides financing options for various business needs including working capital, equipment purchases, and real estate acquisitions. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Norwalk, IA, City State Bank is committed to serving local entrepreneurs and fostering economic development in the community. Their loan offerings are tailored to meet the unique needs of each business, with flexible terms and competitive rates. Whether you’re a startup or an established enterprise, the bank’s SBA expertise can help you access the funding necessary to achieve your business goals. They support a wide range of industries, emphasizing personalized service and financial solutions that align with your business plan. The bank’s dedicated SBA team works closely with clients to navigate the complexities of SBA loans, making the process straightforward and accessible. With a history of successful approvals, including a largest recorded approval of $213,000, City State Bank is a trusted partner for small business financing in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
27
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and financial services tailored for small businesses, including support for growth and expansion projects.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services, but loan application and processing fees may apply depending on the loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within its regional area, but some services may be available to non-residents with qualifying 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 preferred, though other factors are also considered.
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 documentation.
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