MidSouth Bank
Description
MidSouth Bank offers comprehensive SBA lending services tailored to small businesses seeking financing solutions. With a focus on supporting local entrepreneurs, the bank provides SBA 7(a) loans that help fund various business needs, from working capital to equipment purchases. Their experienced team guides clients through the application process, ensuring clarity and efficiency. Located at 2526 W Main St in Dothan, AL, they serve a broad range of industries, emphasizing personalized service and flexible lending options. Whether you’re starting a new venture or expanding an existing business, MidSouth Bank is committed to helping you achieve your goals with competitive rates and dedicated support.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
12
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 financing solutions. You can find assistance with SBA 7(a) loans, guidance on business funding options, and support for entrepreneurs looking to grow or start their business.
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 loan officer, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to call ahead to confirm hours or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation services, but loan processing and application fees may apply depending on the financing options chosen.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business clients within the region, but eligibility for loans depends on qualification criteria regardless of residency.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, though higher scores improve approval chances.
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 loan and completeness of the application.