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Ledyard National Bank

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Description

Ledyard National Bank offers comprehensive SBA lending services 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 SBA 7(a) loans that help clients access funds up to $2,825,000, suitable for various business purposes including working capital, equipment purchase, or real estate acquisition. The bank’s experienced lending team guides borrowers through the application process, ensuring clarity and efficiency. Located at 320 Main St in Norwich, VT, Ledyard National Bank combines local expertise with a broad understanding of SBA programs to meet diverse business needs. Their commitment to supporting local businesses is reflected in their flexible lending options and dedicated customer service. Whether you’re a startup or an established enterprise, the bank strives to provide solutions that align with your financial goals and growth plans. Their SBA lending program emphasizes quick turnaround times and personalized support, making them a strong partner for your business journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
5
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and personalized financial services to support small and medium-sized businesses in the Norwich area and beyond.
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 lender, 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, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; fees are associated with loan processing and closing costs, which are disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local residents and businesses in the Norwich area, but business clients from surrounding regions may also qualify.
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 required, 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 completeness of the application and supporting documents.
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