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New Valley Bank & Trust

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Description

New Valley Bank & Trust offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support for growth and development. With a focus on the SBA 7(a) loan program, they provide flexible financing options for various business purposes including expansion, equipment purchase, and working capital. Their team is dedicated to guiding clients through the loan process, ensuring clarity and efficiency from application to funding. Located at One Monarch Place in Springfield, MA, they serve a diverse range of industries, emphasizing personalized service and local expertise. The bank supports loans up to $1,253,000, making it a reliable partner for small to medium-sized enterprises. Whether you’re a startup or an established business, New Valley Bank & Trust aims to facilitate your success with tailored financial solutions and expert advice. Their commitment to community and business growth makes them a trusted choice for SBA lending in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
3
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering small business financing solutions, including SBA 7(a) loans, with personalized support and regional expertise to help your business grow.
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 specialist, but walk-in consultations may be available 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, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to consult with the bank; however, loan processing and guarantee fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents within the region, but business owners from outside the area may also qualify based on their needs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though higher scores can improve 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 45 days, depending on the completeness of your application and supporting documents.
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