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Denver Savings Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the 7(a) loan program, they help entrepreneurs secure funding for growth, working capital, or acquisitions. Their team is dedicated to guiding clients through the application process, ensuring tailored solutions to meet diverse business needs. Located conveniently in Denver, IA, they serve local businesses with personalized service and expert advice. The bank’s experience includes approving loans up to $140,000, demonstrating their capacity to handle a wide range of financing requirements. Whether you’re a startup or an established enterprise, they aim to foster business success through accessible SBA loan options and flexible terms. Their commitment extends to fostering economic development within the region, making them a trusted partner for small business growth.

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Lender Type

Commercial Bank

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Google Review Count

105

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loans and other financial services tailored to small businesses. You can find assistance with loan applications, guidance on financing options, and support for business growth initiatives.

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 accepted during business hours.

Question 3

What are the hours of operation?

Answer 3

The bank operates from 9 AM to 5 PM, Monday through Friday. It"s best to call ahead for specific appointment times or after-hours services.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting; fees may apply for loan processing or other financial services, which will be disclosed upfront.

Question 5

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

Answer 5

This bank primarily serves local small business owners and residents of the Denver, IA area, but eligibility depends on meeting loan criteria.

Question 6

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

Answer 6

Typically, a minimum personal credit score of 650 is preferred, but other factors are also considered in the approval process.

Question 7

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

Answer 7

The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.

Denver Savings Bank

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