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Colonial Savings FA

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Description

Specializing in small business financing, this commercial bank offers a range of SBA loan programs designed to support business growth and development. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they assist entrepreneurs in navigating complex lending options, making the process straightforward and accessible. The bank’s commitment to small business success is reflected in their flexible terms and competitive rates, helping local businesses thrive in a competitive market. Located conveniently in Fort Worth, they serve a diverse client base across Texas, emphasizing community growth and economic development. Their expertise includes supporting various industries, with a strong emphasis on retail, manufacturing, and service sectors. They are well-versed in SBA 7(a) and 504 loan programs, providing options for different business needs and sizes. The bank’s approach combines financial expertise with local market knowledge, ensuring clients receive the best possible financing solutions.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
255
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs to help small businesses secure financing for growth, real estate, and equipment needs. You can find personalized support and competitive loan options tailored to your business goals.
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-ins are also welcome 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 extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access the bank"s services; however, loan application and processing fees may apply depending on the financing option.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in the region, but eligibility depends on meeting specific lending criteria.
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 60 days, depending on the complexity of the application and completeness of documentation.
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