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Community Bank of Mississippi

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Description

Community Bank of Mississippi offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans, which are ideal for a variety of purposes including working capital, equipment purchase, and real estate acquisition. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Flowood, Mississippi, the bank serves local entrepreneurs and small business owners, helping them access vital funding with flexible terms and competitive rates. Their SBA program history demonstrates a solid track record of supporting small business success stories, with approval amounts reaching up to $300,000 for qualifying applicants. Whether you’re a startup or an established business, Community Bank of Mississippi is committed to fostering economic growth within the community through tailored lending solutions and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
8
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs to help small businesses access funding for growth and expansion, with personalized service and flexible financing options.
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 may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with special hours by appointment on Saturdays.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only to specific banking services and loan processing as outlined in the loan agreement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the Mississippi region, with a focus on supporting local entrepreneurs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
The minimum personal credit score typically required is 620, but higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of documentation and loan complexity.
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