Kennebunk Savings Bank
Description
Kennebunk Savings Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides SBA 7(a) loans up to $130,000, helping entrepreneurs access funding with favorable terms. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank’s commitment extends to supporting local businesses and fostering economic development in the Kennebunk area and beyond. Whether you’re starting a new venture or expanding an existing one, Kennebunk Savings Bank is dedicated to providing flexible financing options that meet diverse business needs.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and small business banking services to help entrepreneurs access financing for growth and development.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment for personalized 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 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There may be application and processing fees associated with SBA loans; these are discussed during the loan consultation.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Services are available to small business owners in the region, regardless of residency, who meet lending 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 typically required to qualify for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the completeness of the application and documentation.