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Crossroads Bank

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Description

Crossroads Bank offers comprehensive SBA lending services designed to support small businesses in obtaining the financing they need to grow and succeed. With a focus on personalized service, the bank provides a variety of loan options, including SBA 7(a) loans, to help entrepreneurs access capital for working capital, equipment, or expansion projects. Located in Wabash, Indiana, the bank has a strong commitment to serving local businesses and fostering economic development in the region. Their experienced lending team works closely with clients to understand their unique needs and tailor loan solutions accordingly. Whether you’re starting a new venture or expanding an existing business, Crossroads Bank provides the financial tools and support to help you achieve your goals. The bank’s SBA programs are well-established, with a history of successful approvals and a dedication to simplifying the loan process for small business owners. They also offer guidance on eligibility, application procedures, and repayment options, making the borrowing experience straightforward and transparent. If you’re seeking a trusted local partner for SBA financing, Crossroads Bank is equipped to assist at every stage of your business journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services tailored to small businesses in the Wabash area, helping entrepreneurs access capital for growth and expansion.
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 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 for visiting or consulting; however, loan application and processing fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the Wabash community and surrounding areas.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is typically preferred, but standards can vary based on the loan type and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
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