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Oriental Bank

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Description

Specializing in providing financial solutions for small businesses, this lender offers a range of SBA loan programs designed to support growth and stability. Whether you’re seeking funding for expansion, equipment, or working capital, they have options tailored to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they work closely with borrowers to understand their unique business goals and financial situations. The institution also provides expertise in SBA 7(a) loan programs, facilitating access to capital with flexible terms and competitive rates. Their commitment to fostering small business success makes them a reliable partner for entrepreneurs across various industries. Located in San Juan, Puerto Rico, they serve a broad geographic area, helping local businesses thrive in a competitive market. The bank emphasizes quick turnaround times and transparent fee structures to make borrowing straightforward and accessible. Whether you’re a startup or an established enterprise, they are dedicated to providing the financial tools necessary for your business to grow and succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.8
Google Review Count
57
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that offers SBA loan programs and small business financing solutions. You can find assistance with funding for growth, equipment, and working capital 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 service, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, the bank operates from 9 AM to 4 PM, Monday through Friday, but hours may vary, so it"s best to confirm ahead of your visit.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan closing costs and fees apply during the financing process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners in Puerto Rico, but eligibility depends on meeting specific 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 620 is generally required to qualify for SBA loans.
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 complexity of the application and completeness of documentation.
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