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Lafayette State Bank

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Description

Lafayette State Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various loan programs including the SBA 7(a) loan program, which is ideal for working capital, equipment purchases, or real estate acquisitions. Customers can benefit from flexible terms and competitive rates, backed by the bank’s extensive experience in SBA lending. The bank’s team works closely with clients to understand their unique financial situations and craft solutions that align with their business goals. Whether you’re a startup or an established enterprise, Lafayette State Bank aims to facilitate your access to capital with efficient processing and dedicated support. Located in Mayo, Florida, the bank serves the local community while also supporting regional economic development through its SBA offerings. The bank’s commitment to small business success is reflected in its tailored approach and strong industry expertise, making it a trusted partner for entrepreneurs looking to grow their business.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is Lafayette State Bank, a local financial institution offering SBA loan programs and personalized banking services to support small business growth in the Mayo area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to discuss your SBA loan needs, but walk-in consultations may also be 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.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services; loan application fees may apply depending on the specific loan product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses in the Mayo region, but qualified applicants from surrounding areas may also be considered.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though higher scores improve approval chances.
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 complexity of the application and completeness of documentation.
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