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Icon Business Bank

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Description

Offering comprehensive SBA loan services, this financial institution specializes in supporting small businesses with a variety of funding options. Whether you’re seeking a 7(a) loan for working capital, equipment, or expansion, they provide tailored solutions to meet your needs. Their team is dedicated to guiding clients through the application process, ensuring clarity and efficiency. With a focus on SBA programs, they help entrepreneurs access capital that might otherwise be difficult to obtain. Their expertise extends to supporting startups and established businesses alike, making them a versatile partner for growth. Located in Riverside, California, they serve a broad client base across the region, emphasizing personalized service and competitive terms. The bank’s commitment to small business success is reflected in their flexible lending criteria and proactive customer support. They understand the unique challenges faced by small businesses and work diligently to facilitate access to capital, fostering economic development in their community and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.8
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and small business financing solutions. You can find assistance with SBA 7(a) loans, business expansion funding, and other small business financial services tailored to your needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, 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.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for loan processing and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners in the Riverside area and surrounding regions, but they welcome qualified applicants from various locations within their service 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 or higher is generally required for loan approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and documentation.
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