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CTBC Bank Corp. (USA).

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Description

Offering comprehensive banking solutions tailored for small businesses, this commercial bank specializes in SBA loans, including the popular 7(a) program. With a focus on supporting entrepreneurs and business owners, it provides flexible financing options for various needs such as working capital, equipment purchase, and expansion projects. The bank’s experienced lending team guides clients through the application process, ensuring clarity and efficiency. Located in Los Angeles, it serves a diverse client base across the region, leveraging its extensive industry expertise to facilitate growth. The bank’s commitment to small business success is reflected in its competitive approval amounts, with some loans reaching up to $3,600,000. Whether you’re a startup or an established enterprise, this bank offers personalized service to help you achieve your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
16
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs, including the 7(a) loan, to support small business growth and expansion. You can find personalized financial solutions tailored to your business needs, along with expert guidance through the application process.
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-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. It is advisable to call ahead for specific appointment times or to confirm availability.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the branch or consult with a loan officer; 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 entrepreneurs, with services available to clients nationwide, provided they meet the lending 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 applying for SBA loans through this bank.
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 loan and completeness of documentation.
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