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DeMotte State Bank

DeMotte State Bank offers comprehensive SBA lending options tailored to meet the needs of small businesses seeking financial support for growth, expansion, or operational needs. With a focus on small business financing, the bank provides various loan programs including the popular SBA 7(a) loan, which can be used for working capital, equipment, or real estate purchases. The bank prides itself on personalized service and flexible loan terms, making it a reliable partner for local entrepreneurs and established businesses alike. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. Whether you’re a startup or an established business looking to expand, DeMotte State Bank is committed to helping you achieve your financial goals with tailored lending solutions. The bank’s primary NAICS code 722513 indicates a focus on food services, including restaurants and catering businesses, reflecting their strength in supporting the hospitality industry. Located in Demotte, Indiana, they serve the local community with a focus on regional economic development and small business growth.

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Lender Type

Commercial Bank

Google Rating

3.9

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loans and small business financing options. You can find personalized support and guidance for securing funding to grow or expand your business.

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 may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates during regular business hours, typically Monday through Friday from 9 am to 5 pm, but it"s best to call ahead for specific hours.

Question 4

Is there a fee to use this?

Answer 4

There may be application fees and closing costs associated with SBA loans, but the bank provides detailed fee information during the application process.

Question 5

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

Answer 5

This bank primarily serves local small businesses and residents within the region, but they may consider applicants from outside the immediate area based on the loan program.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 620 is generally required, 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 30 to 45 days, depending on the complexity of the application and completeness of documentation.

DeMotte State Bank

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