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Legacy National Bank

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Description

Legacy National Bank offers comprehensive SBA lending services tailored to support small and medium-sized businesses in securing financing for growth and operational needs. With a focus on SBA 7(a) loans, they provide flexible funding options that can be used for working capital, equipment, real estate, and more. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Springdale, Arkansas, the bank prides itself on personalized service and a deep understanding of local business needs. Whether you’re a startup or an established enterprise, they aim to facilitate your financial goals with tailored solutions and competitive terms. The bank’s commitment to supporting small businesses is reflected in their extensive SBA program history and dedication to client success. They also offer additional financial products to complement SBA loans, making them a versatile partner for your business growth journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
25
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and business financing solutions designed to help small and medium-sized enterprises grow and succeed with personalized service and expert guidance.
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 specialist, but walk-in consultations may be available depending on staffing and availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but it"s best to contact them directly for specific hours or after-hours appointments.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan processing and application fees may apply depending on the services utilized.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within its regional area, but eligibility depends on meeting specific 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 around 640 is generally preferred, though higher scores can 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 60 days, depending on the complexity of the loan and completeness of the application.
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