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Lea County State Bank

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Description

Lea County State Bank offers comprehensive SBA loan services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides a variety of SBA programs including the 7(a) loan program, which is ideal for funding working capital, equipment, or real estate purchases. The bank’s experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Whether you’re a new startup or an established business, Lea County State Bank is committed to helping you access the capital necessary to achieve your business goals. The bank supports loans up to $350,000, making it a strong partner for small to medium-sized enterprises in the region. Their expertise in SBA lending and local market knowledge make them a trusted resource for entrepreneurs looking for flexible financing options.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
52
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers small business financing options, including SBA loans, with personalized service to help entrepreneurs secure funding for growth and operational 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 lending specialist, but walk-ins are also accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday, from 9:00 AM to 5:00 PM, but it is best to confirm directly with the branch.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information, but standard loan application and processing fees may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but eligibility depends on meeting credit and loan requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of approximately 640 is typically required for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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