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Dayspring Bank

Dayspring Bank offers comprehensive SBA lending services tailored to support small businesses in securing vital financing. With a focus on the 7(a) loan program, they facilitate funding for various business needs including working capital, equipment, and real estate purchases. The bank provides personalized guidance throughout the loan process, ensuring clients understand their options and requirements. Their team is committed to helping entrepreneurs access the capital necessary to grow and succeed, leveraging their expertise in SBA loan programs and local market conditions. Whether you’re a startup or an established business, Dayspring Bank aims to be a trusted partner in your financial journey, offering flexible terms and responsive service to meet your unique needs.

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Lender Type

Commercial Bank

Google Rating

2.6

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Question 1

What is this place and what can I find here?

Answer 1

This is a bank that specializes in SBA loans, providing small businesses with funding options such as the 7(a) program. You can find assistance with loan applications, guidance on eligibility, and support for various business financing needs.

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 specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for your visit.

Question 3

What are the hours of operation?

Answer 3

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to confirm hours directly with the branch before visiting.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations, but loan application and processing may involve fees that are disclosed during the application process.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves small business owners in the region, but eligibility for SBA loans is based on business criteria rather than residency alone.

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 can improve the likelihood of approval.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes 30 to 60 days, depending on the completeness of your application and loan complexity.

Dayspring Bank

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