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Great Oaks Bank

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Description

Great Oaks Bank offers comprehensive SBA lending services tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides various loan options including SBA 7(a) loans, which are ideal for working capital, equipment, and real estate purchases. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. Located in Richmond Hill, GA, the bank is committed to fostering economic development within the community. They leverage their strong banking relationships and local market knowledge to deliver competitive loan terms and personalized service. Whether you’re a startup or an established business, Great Oaks Bank provides flexible financing solutions to help you achieve your goals. The bank’s primary NAICS code, 811111, indicates a focus on general automotive repair, but their SBA programs support a broad range of industries. Their approval amounts can go up to $263,600, making them a solid choice for small to medium-sized projects. With a history of supporting SBA 7(a) loans, they are well-versed in the requirements and processes involved in government-backed lending programs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.9
Google Review Count
40
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs designed to support small business growth, providing personalized service and flexible financing options.
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 welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with appointments available outside these hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult with the bank; however, loan application and closing fees may apply depending on the financing terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local residents and small business owners within the community, but they welcome inquiries from qualified applicants outside the immediate area.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is typically required, though higher scores may improve loan approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes 2 to 4 weeks, depending on the completeness of your application and supporting documents.
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