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Oostburg State Bank

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Description

Oostburg State Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth and development. With a focus on personalized service, the bank provides various loan options including SBA 7(a) loans, which are ideal for working capital, equipment, and expansion needs. Their experienced lending team works closely with clients to understand their unique business goals and craft financing solutions that fit those needs. The bank’s commitment to community banking ensures a local touch with the expertise necessary to navigate SBA programs effectively. Whether you’re a startup or an established business, Oostburg State Bank aims to facilitate your financial success with flexible terms and dedicated support. Their SBA program history highlights their longstanding experience in helping businesses secure funding, making them a reliable partner for your business growth plans. Located in Oostburg, WI, the bank is well-positioned to serve the local business community with personalized attention and tailored financial products.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
21
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored to small and medium-sized businesses. You can find personalized support for business financing needs, including SBA 7(a) loans, to help grow and expand your 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 lending specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from Monday to Friday, 8:30 AM to 4:30 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the community, but they welcome inquiries from prospective clients seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, but this can vary based on the loan and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of the application and supporting documents.
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