Mega Bank
Description
Mega Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the 7A program, they provide flexible loan options up to substantial approval amounts, making them a reliable partner for entrepreneurs across various industries. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located conveniently in San Gabriel, CA, Mega Bank is committed to fostering local economic development while serving a broad range of business sectors.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
3
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs, including the 7A program, to help small businesses access capital for growth and operational needs. You can find information about their loan options, application process, and support services here.
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 lender, though walk-ins may be accommodated depending on availability. Contact the branch in advance for the best experience.
Question 3
What are the hours of operation?
Answer 3
The branch typically operates from 9 AM to 5 PM, Monday through Friday. It is advisable to confirm hours with the branch directly before visiting.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access the bank’s basic services, but loan application and processing fees may apply depending on the financing options selected.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within its regional service area, but eligibility for loans is based on creditworthiness and business qualifications.
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 required, though higher scores increase the likelihood of approval.
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 application and completeness of documentation.