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Iowa State Savings Bank

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Description

Offering comprehensive SBA financing options, this commercial bank specializes in supporting small to medium-sized businesses with their funding needs. Whether you’re seeking loans for expansion, equipment, or working capital, they provide tailored solutions to help your business grow. Their expertise includes SBA 7(a) loans, which are ideal for various business purposes, and they have a strong track record of approving substantial loan amounts, up to $4,300,000. Located in Creston, IA, they serve local businesses and have a deep understanding of the regional economic landscape. Their dedicated team assists clients through every step of the loan process, ensuring clarity and efficiency. With a focus on personalized service, they aim to foster business success within the community and beyond. Their commitment to supporting entrepreneurs makes them a reliable partner for your financing needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loans and other financial services to support small and medium-sized businesses in the region.
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 are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM.
Question 4
Is there a fee to use this?
Answer 4
There may be fees associated with loan processing and closing, but consultation is free to discuss your options.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses within the region, but eligibility depends on meeting loan criteria.
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 preferred for loan consideration.
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 the application and documentation.
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