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Merchants and Farmers Bank

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Description

Merchants and Farmers Bank provides comprehensive SBA loan services tailored to meet the needs of small businesses seeking financial support for growth and development. With a focus on the local Dumas community, this bank offers various SBA programs including the popular 7(a) loan program, which is ideal for funding working capital, equipment, or real estate acquisitions. Their experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank’s commitment to supporting small business success is evident in their personalized approach and flexible lending options. Whether you’re a startup or an established business, Merchants and Farmers Bank aims to provide accessible financing solutions to help you achieve your business goals. Their expertise in SBA lending, combined with a strong community presence, makes them a reliable partner for entrepreneurs in the Dumas area and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and financial services tailored for small businesses, including support for growth and expansion projects.
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 officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan applications and processing may involve standard fees associated with SBA loans.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but qualified applicants from outside the area may also apply.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for SBA loan eligibility.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of the application and supporting documents.
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