GreenWay Bank
GreenWay Bank is an active SBA lender in Ohio, a bank offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 6 Google reviews.
About GreenWay Bank
GreenWay 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 a range of loan options including SBA 7(a) loans, which are ideal for working capital, equipment purchases, and expansion projects. The bank's experienced team guides clients through the application process, ensuring clarity and efficiency. Their commitment to community development is reflected in their personalized service and flexible financing solutions. Located in Van Wert, Ohio, GreenWay Bank is dedicated to fostering economic growth within the region by providing accessible and reliable funding options for small business owners. Whether you're starting a new venture or expanding an existing one, their SBA programs can help you achieve your business goals with competitive terms and support throughout the process.
Common questions about GreenWay Bank
What is this place and what can I find here?
This is a community-focused bank offering SBA lending services to support small businesses in Ohio. You can find information about loan options, application processes, and regional financial support tailored to entrepreneurs and small business owners.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be accommodated during business hours.
What are the hours of operation?
GreenWay Bank operates from 9:00 AM to 5:00 PM Monday through Friday at both locations. The Van Wert branch offers additional Saturday drive-up service from 9:00 AM–12:00 PM, with lobby services by appointment. Confirm current hours directly with the lender.
Is there a fee to use this?
There are no fees to visit or consult; however, loan processing and application fees may apply depending on the service.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within Ohio, focusing on regional economic development.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred for loan approval.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and supporting documents.
Is this open on weekends?
GreenWay Bank's Van Wert location offers limited Saturday hours (9:00 AM–12:00 PM drive-up; lobby by appointment), while the Fort Wayne location is closed on weekends. Confirm your local branch availability with the lender.
How do I get there and where do I park?
GreenWay Bank is located in Ohio — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for GreenWay Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by GreenWay Bank itself, which runs its own lending under its own ownership. If you work at GreenWay Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for GreenWay Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with GreenWay Bank before applying. If you represent GreenWay Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach GreenWay Bank by phone at (419) 238-9662 or via their online contact form at https://greenwaybank.com/about-us/contact-us. Confirm with the lender for SBA lending inquiries.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, GreenWay Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask GreenWay Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether GreenWay Bank participates in SBA Express depends on its specific SBA lending authority. Contact GreenWay Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. GreenWay Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. GreenWay Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask GreenWay Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask GreenWay Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask GreenWay Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with GreenWay Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. GreenWay Bank weighs this case by case under its own policy, so be upfront about your history and ask GreenWay Bank how it evaluates prior bankruptcies.
