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Fairfax State Savings Bank

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Description

Fairfax State Savings Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community, the bank provides various loan options including the SBA 7(a) program, which is ideal for working capital, equipment, and real estate financing. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to personalized service helps entrepreneurs secure the funding they need to succeed. Whether you’re a startup or an established business, Fairfax State Savings Bank aims to facilitate your financial goals with flexible terms and competitive rates. Their expertise in SBA loans makes them a reliable partner for small business owners in the region, offering solutions that align with your business plan and growth trajectory.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored to small businesses in the Fairfax area. You can find assistance with business loans, financing options, and personalized banking support to help your business grow.
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 banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank is typically open Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to contact them directly for specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan products and banking services may have associated fees or interest charges based on the specific product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the region, but eligibility for specific loan programs depends on meeting certain criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 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 between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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