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Herring Bank

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Description

Herring Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or working capital. With a focus on personalized service, the bank provides various SBA loan options, including the popular 7(a) program, to help clients secure funds efficiently. Their experienced team guides borrowers through the application process, ensuring clarity and support at every step. Located in Amarillo, Texas, Herring Bank is committed to fostering local economic development while serving clients across diverse industries. The bank’s expertise extends to supporting real estate, hospitality, healthcare, and other sectors, making it a versatile partner for business financing needs. With a record approval amount of over $446,000, Herring Bank is well-equipped to handle a wide range of loan sizes and types. Whether you’re a startup or an established business, their dedicated team is ready to assist you in securing the funding necessary to achieve your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
16
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions, including the popular 7(a) loans, to support business growth and expansion.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates 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 may be fees associated with loan processing and closing, which vary depending on the loan terms and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily available to small and medium-sized businesses, with eligibility based on creditworthiness and business 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 preferred, but other factors are also considered.
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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