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Lone Oak Bank National Association

Lone Oak Bank National Association
Lone Oak Bank National Association

Description

Lone Oak Bank National Association offers comprehensive SBA lending solutions tailored to small businesses seeking growth capital. With a focus on serving the local community, this financial institution provides a range of loan programs designed to support business expansion, equipment purchase, and working capital needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Whether you’re a startup or an established enterprise, Lone Oak Bank is committed to helping you access the funding necessary to achieve your business goals. The bank specializes in SBA 7(a) loans, providing flexible terms and competitive rates. Their dedicated lending staff understands the unique challenges faced by small businesses and offers personalized service to meet those needs. Located at 100 Main St in Eldorado, TX, they are a trusted partner for local entrepreneurs and business owners looking for reliable financial support.

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Q&A

Lender Type
Commercial Bank
Google Rating
3
Google Review Count
4
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 banking services to help entrepreneurs grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank is open from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are standard fees associated with SBA loans, which vary depending on the loan type and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small business owners and residents within the community.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of 620 is generally required for guarantors.
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 completeness of the application and documentation.
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