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Lee Bank

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Description

Lee Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and operations. With a focus on personalized service, they assist clients in securing SBA loans, including the popular 7A program, to fund various business needs such as working capital, equipment, or real estate. Located at 75 Park St in LEE, MA, this bank provides a range of financial products designed to meet the unique needs of small business owners in the region. Their experienced team understands the complexities of SBA lending and guides clients through the application process to ensure a smooth experience. Whether you’re starting a new venture or expanding an existing business, Lee Bank is committed to helping entrepreneurs access the capital they need to succeed. They also support other SBA programs like 504 and Express loans, making them a versatile partner for small business financing. The bank’s primary NAICS code focus is 561730, which relates to business support services, indicating their strength in supporting service-oriented enterprises. With a history of approving loans up to $50,000, they are well-equipped to assist small-scale projects and startups. Their commitment to local economic development makes them a valuable resource for small business owners in the LEE area and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan services and small business financing options to entrepreneurs and business owners in the LEE area. You can find assistance with loan applications, funding solutions, and financial guidance tailored to small businesses.
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 loan officer, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 4:00 PM, Monday through Friday. It is best to call ahead to confirm hours or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for loan processing or other financial services, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in the region, but eligibility for loans depends on meeting specific credit and business criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, but this can vary based on the loan type and overall application strength.
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 complexity of the application and completeness of documentation.
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