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Flagstar Bank National Association

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Description

Flagstar Bank National Association offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, equipment, or working capital. With a focus on facilitating access to capital, the bank provides various SBA programs, including the popular 7(a) loan program, which helps businesses secure funding with flexible terms and competitive rates. Whether you’re a startup or an established enterprise, Flagstar Bank supports your business ambitions by offering personalized service and expert guidance throughout the loan process. The bank’s experienced team works closely with clients to understand their unique needs and craft financing solutions that align with their goals, making it a reliable partner for small business financing in the region. Located at 102 Duffy Ave in Hicksville, NY, the bank is well-positioned to serve the local business community while also supporting clients across the nation through its SBA offerings.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.4
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs designed to help small businesses access capital for growth, equipment, and working capital needs. You can find information about loan options, application processes, and support services tailored to small business owners. The bank provides personalized assistance to guide you through securing the right financing for your business goals.
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 the necessary documents and streamline the process.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it"s best to contact the branch directly for specific scheduling.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting the branch, but loan application and processing fees may apply depending on the financing product. It"s advisable to discuss fee structures with a loan officer during your consultation.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business clients and residents in the local and national markets. Eligibility for specific programs may depend on residency and business location, so it"s best to consult with a representative for detailed requirements.
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 higher scores can improve your chances of approval and better loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan and completeness of your application.
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