Locality Bank

This is a financial institution offering SBA loan programs designed to help small and medium-sized businesses access capital for growth, expansion, and operational needs. You can find various loan options including 7(a), 504, microloans, and express funding, along with personalized support from experienced lenders.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may be available during business hours. Contact the bank in advance to confirm availability and set up a meeting.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It's best to check directly with the branch for specific hours or any holiday closures.

There are application and processing fees associated with SBA loans, which vary depending on the loan size and type. The bank provides clear disclosures of all fees during the application process.

This bank primarily serves small and medium-sized businesses within its regional area, but eligibility for SBA loans is based on business criteria rather than residency alone. Businesses must meet specific SBA requirements to qualify.

A minimum personal credit score of 620 is generally preferred, but other factors such as business performance and collateral are also considered during underwriting.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Locality Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Locality Bank to confirm current weekend availability before you go.

Locality Bank is located in Florida — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Locality Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Locality Bank itself, which runs its own lending under its own ownership. If you work at Locality Bank, you can claim this listing from this page to manage it.

The core details for Locality Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Locality Bank before applying. If you represent Locality Bank, claim this listing to keep its information up to date.

You can reach Locality Bank by phone at (954) 799-0900, (888) 238-5053, via email at support@localitybank.com or loans@localitybank.com, or through their contact form at /contact-us/. For SBA loans specifically, ask for their business lending or SBA department.

Based on its approved SBA loans, Locality Bank most often finances businesses in medical practices & clinics, construction & contractors, fitness & recreation, restaurants & food service, manufacturing, and wholesale & distribution. This reflects Locality Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Locality Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Locality Bank participates in SBA Express depends on its specific SBA lending authority. Contact Locality Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Locality Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Locality Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Locality Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Locality Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Locality Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Locality Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Locality Bank weighs this case by case under its own policy, so be upfront about your history and ask Locality Bank how it evaluates prior bankruptcies.