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Old Glory Bank

Old Glory Bank
Old Glory Bank

Description

Old Glory Bank offers specialized SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the Elmore City community and surrounding areas, this bank provides comprehensive loan options including SBA 7(a) programs, which are ideal for a variety of business purposes such as working capital, equipment purchase, or real estate acquisition. Their team is committed to guiding clients through the application process, ensuring clarity and support at every step. The bank leverages its local presence to understand the unique needs of small businesses in the region, offering personalized service and flexible financing solutions. Whether you’re a startup or an established business, Old Glory Bank aims to facilitate your success through accessible SBA loan programs and expert advice. The bank’s primary NAICS code, 459110, indicates a focus on specific industry sectors, and their largest approved loan amount of $346,000 demonstrates their capacity to support substantial business projects. Located conveniently at 206 S Main St, the bank is dedicated to fostering economic growth within the community and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
111
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans, including SBA 7(a) programs, to support business growth and expansion in the Elmore City area. You can find personalized assistance and access to financing solutions tailored to your business 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 specialist, but walk-in consultations may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to call ahead for specific appointment times or after-hours arrangements.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire; however, loan processing and application fees may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This SBA lender primarily serves small businesses in the Elmore City area and surrounding communities, but eligibility depends on meeting SBA and bank 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 required, 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 completeness of documentation and loan complexity.
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