PACE Finance Corporation
Description
PACE Finance Corporation offers comprehensive SBA lending solutions tailored to meet the needs of small businesses seeking growth capital or working capital assistance. With a focus on supporting entrepreneurs, the institution provides various loan programs designed to facilitate business expansion, equipment purchase, and operational funding. Their expertise in SBA 7(a) loans enables them to assist clients in securing funding up to significant amounts, often streamlining the approval process for faster access to capital. Located in Los Angeles, CA, they serve a diverse range of industries, emphasizing personalized service and flexible lending options to help small businesses thrive in competitive markets.
Location
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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 commercial bank that specializes in SBA loan programs, providing financing solutions to small businesses for growth, equipment, and working capital needs. You can find personalized support and access to various SBA loan options tailored to your business goals.
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-ins may be accommodated depending on availability. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to confirm hours directly with the branch or via their website before visiting.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply consulting or applying; however, loan processing and closing may involve standard fees such as guarantee fees, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within its regional area, but eligibility depends on meeting specific loan criteria regardless of residency.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred, though higher scores can improve approval chances and loan terms.
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 complexity of the loan and completeness of the application.