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DR Bank

DR Bank
DR Bank

Description

DR Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on SBA programs, the bank provides flexible loan options including the popular 7(a) loan program, which is ideal for a variety of business needs such as working capital, equipment purchase, or real estate acquisition. Their experienced lending team works closely with clients to understand their unique financial situations and craft solutions that align with their goals. Located in Darien, Connecticut, DR Bank is committed to supporting local entrepreneurs and small business owners by providing personalized service and competitive loan terms. The bank’s expertise in SBA lending ensures that borrowers receive guidance throughout the application process, from initial inquiry to loan closing. Whether you’re a startup or an established business looking to expand, DR Bank’s SBA programs can help you access the capital needed to succeed. They also have a strong track record of approving loans up to $185,000, making them a reliable partner for small-scale funding needs. Their dedicated team understands the nuances of SBA loans and offers tailored support to meet your business objectives.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
93
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that specializes in SBA loans, offering small businesses access to funding options like the 7(a) program, with personalized service to help you grow your business.
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 lending specialist, but walk-ins may be accommodated based on availability.
Question 3
What are the hours of operation?
Answer 3
The bank"s hours are typically Monday through Friday from 9 am to 5 pm, but it’s best to contact them directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are fees associated with SBA loans, including application and closing costs, which vary depending on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners in the Darien area and surrounding regions, but eligibility depends on meeting SBA loan requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred for SBA loan qualification.
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 application and completeness of documentation.
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