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Old Plank Trail Community Bank National Association

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Description

Offering comprehensive SBA lending services, this community bank specializes in supporting small businesses with various financing options. They provide tailored loan programs to help startups, growing companies, and established businesses access the capital they need. With a focus on the local business community, they facilitate loans up to $220,000 under the SBA 7(a) program, making financing accessible for a range of needs including working capital, equipment, and real estate. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s commitment to personalized service and community development makes them a trusted partner for small business owners seeking SBA-backed funding solutions.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
35
Question 1
What is this place and what can I find here?
Answer 1
This is a community bank offering SBA loan programs and small business financing solutions. You can find personalized support, loan application assistance, and access to SBA-backed funding options tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-in consultations may be available during business hours depending on staff availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment or during special community events.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation services; however, loan application and processing fees may apply depending on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local small business owners and residents within the community, but eligibility for certain programs may vary based on the applicant"s location and business type.
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 the exact requirement may vary depending on the loan specifics and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and the complexity of the loan.
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