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Milestone Bank

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Description

Milestone Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides a range of loan options including the popular 7(a) program, which is ideal for working capital, equipment purchases, and business expansion. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank’s commitment to small business success is reflected in its personalized service and flexible financing options. Located in Salt Lake City, UT, Milestone Bank serves a diverse client base across various industries, emphasizing community development and economic growth. Whether you’re starting a new venture or expanding an existing one, they aim to facilitate your business goals with competitive terms and dedicated support. Their SBA programs are designed to help businesses access the capital they need to thrive in today’s competitive environment.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and business financing solutions designed to support small business growth and development.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with a loan officer, but walk-ins may be accommodated depending on availability.
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 no fees for accessing general information; loan application fees and interest rates vary based on the specific loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within its regional service area, but eligibility depends on meeting loan criteria.
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, but other financial factors are also considered.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of documentation and loan complexity.
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