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Community Bank, National Association

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Description

Community Bank, National Association offers comprehensive SBA lending solutions designed to support small businesses in securing necessary funding for growth and operations. With a focus on the SBA 7(a) program, this bank provides flexible financing options tailored to meet various business needs, including working capital, equipment purchase, and real estate acquisition. Their experienced lending team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Canton, NY, the bank serves a broad geographic area, emphasizing personalized service and local economic development. They support businesses across multiple industries, with particular strength in healthcare and service sectors. The bank’s commitment to small business success is reflected in their competitive approval amounts, with the largest recorded approval reaching $197,000. Whether you’re a startup or an established enterprise, Community Bank, National Association aims to foster growth through accessible SBA loan programs and dedicated customer support.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a community bank offering SBA loan programs designed to help small businesses secure funding for growth and operational needs. You can find assistance with loan applications, guidance on eligibility, and support throughout the financing process.
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 for initial inquiries.
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 no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within its regional area, but eligibility depends on meeting loan requirements and credit standards.
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 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 45 days, depending on the completeness of the application and documentation provided.
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