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Paradise Bank

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Description

Offering comprehensive commercial banking services tailored for small to medium-sized businesses, this lender specializes in providing SBA financing options to support business growth and expansion. With a focus on small business needs, they facilitate access to capital through various SBA loan programs, including the popular 7(a) program, which is ideal for working capital, equipment purchases, and business acquisitions. Their experienced team guides clients through the loan process, ensuring clarity and efficiency from application to approval. Located in Boca Raton, FL, they serve a diverse range of industries, with particular strength in the hospitality sector, thanks to their understanding of local market dynamics. The bank emphasizes personalized service, helping entrepreneurs navigate the complexities of SBA lending while offering competitive rates and flexible terms. Whether you’re starting a new venture or expanding an existing business, this lender provides the financial tools necessary to achieve your goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
94
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and business banking services designed to help small and medium-sized businesses grow and succeed. You can find assistance with financing, business accounts, and personalized support tailored to your 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 banking specialist, but walk-ins are also welcome during business hours for general inquiries.
Question 3
What are the hours of operation?
Answer 3
The bank is typically open from 9:00 AM to 5:00 PM, Monday through Friday. It’s best to call ahead to confirm specific hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing basic banking services, but loan application and processing fees may apply depending on the specific SBA program and loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs, with services available to residents and businesses within its lending region, though some services may be accessible nationwide.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally required, though higher scores 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 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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