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Lake City Bank

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. They provide tailored financing options to help entrepreneurs grow, expand, or start new ventures, with a focus on the 7(a) loan program. Their team is dedicated to guiding clients through the application process, ensuring clear communication and personalized service. With a strong understanding of local market needs, they assist businesses across multiple industries, including retail, manufacturing, and services. The bank emphasizes quick turnaround times and competitive rates to meet the diverse needs of small business owners. Whether you’re seeking funding for equipment, working capital, or expansion, they are equipped to support your goals with flexible terms and expert advice. Their experienced staff works closely with clients from application to closing, making the borrowing process straightforward and transparent. They also offer guidance on eligibility and documentation requirements, aiming to streamline the experience for small business clients.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
29
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions. You can find personalized support, expert guidance, and access to funding options tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated based on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with appointments available outside these hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only if you proceed with a loan application or other financial services.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution is open to small business owners and entrepreneurs nationwide, regardless of residency, provided they 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 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 between 30 to 45 days, depending on the completeness of documentation and loan complexity.
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