Coastal Area District Development Authority, Inc.
Description
Offering comprehensive SBA financing options, this lender specializes in supporting small businesses through various loan programs. With a focus on fostering local economic growth, they provide tailored financial solutions for startups and established companies alike. Their services include SBA 7(a) loans, which are ideal for working capital, equipment purchase, or real estate acquisition, and SBA 504 loans for major fixed assets. The institution emphasizes personalized service and flexible lending criteria to meet the unique needs of each borrower. Located in Brunswick, Georgia, they are committed to serving the regional business community with a strong understanding of local market dynamics.
Location
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Q&A
Lender Type
Commercial Bank
Question 1
What is this place and what can I find here?
Answer 1
This is a regional SBA lender offering small business loans, including SBA 7(a) programs, to support local entrepreneurs and business growth in the Brunswick area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated during business hours.
Question 3
What are the hours of operation?
Answer 3
The office operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
Yes, there are application and closing fees, which are detailed during the loan process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses within the regional area, with eligibility based on business location and loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of 620 is generally required for guarantors.
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.