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Legence Bank

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Description

Legence Bank offers comprehensive SBA lending services tailored to meet the needs of small and medium-sized businesses. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) loan program, which is ideal for business expansion, working capital, and equipment financing. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s expertise in SBA loans helps businesses access funding that might otherwise be difficult to obtain through conventional channels. Located in Eldorado, Illinois, they serve a broad range of industries, emphasizing personalized service and flexible financing options. Whether you’re looking to purchase real estate, finance inventory, or expand your operations, Legence Bank is committed to helping your business grow with tailored financial solutions.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
16
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 to help entrepreneurs grow their businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment, but walk-ins are also welcome depending on availability. Calling ahead ensures dedicated time with a loan officer.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only to specific loan processing and service charges.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners in the Eldorado area, but also considers applicants from surrounding regions.
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 preferred for loan qualification.
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 documentation.
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