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Mid Penn Bank

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Description

Mid Penn Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial growth and stability. With a focus on supporting local enterprises, the bank provides various loan programs including the SBA 7(a) loan, which can be used for a wide range of business purposes such as working capital, equipment purchase, or real estate acquisition. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank’s flexible lending options and competitive terms make it a reliable partner for entrepreneurs aiming to expand or start new ventures. Located in Millersburg, PA, they serve businesses across the region with personalized service and local market expertise. Whether you’re looking for a loan to purchase inventory, refinance debt, or fund expansion, Mid Penn Bank is equipped to meet your needs with tailored financial solutions. Their commitment to community development and small business growth is reflected in their dedicated support and accessible lending practices.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.8
Google Review Count
11
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank specializing in SBA loans and small business financing. You can find information about loan options, application processes, and personalized support for your business growth needs.
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 from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are application and closing fees associated with loans, which are disclosed upfront during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local businesses and residents within the region, but they welcome inquiries from new clients seeking SBA financing.
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 to qualify for SBA loans.
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 complexity of the loan and completeness of documentation.
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