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James Polk Stone Community Bank

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Description

Offering comprehensive SBA lending services, this community bank specializes in supporting small businesses with various financing options tailored to their needs. Whether you’re seeking a loan for expansion, equipment purchase, or working capital, they provide personalized solutions to help your business grow. Their experienced team understands local market dynamics and offers guidance throughout the loan process, ensuring a smooth experience from application to funding. With a focus on community development, they prioritize building strong relationships with local entrepreneurs and small business owners. The bank’s SBA program history includes a solid track record with the 7(a) loan program, providing flexible financing options for a wide range of business purposes. They support loans up to $75,000, making them a reliable partner for small-scale projects and startups. Located in Portales, NM, they serve the regional area with a commitment to fostering economic growth and small business success. Their services include assistance with loan application preparation, understanding eligibility requirements, and navigating SBA guidelines to secure funding efficiently. With a dedicated team and a customer-centric approach, they aim to empower local businesses to thrive in a competitive marketplace.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
23
Question 1
What is this place and what can I find here?
Answer 1
This is a community bank that offers SBA loan programs to support small business growth. You can find personalized financial solutions, expert guidance, and assistance with loan applications tailored to your business 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 officer, but walk-in consultations are also available 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. It"s advisable to call ahead to confirm availability or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, processing and application fees may apply during the loan application process, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the regional area, but eligibility details can be confirmed during your consultation.
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 generally preferred, though other factors such as business performance and collateral are also considered.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of your application and supporting documents.
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