Go Back

Paragon Bank

Paragon Bank offers comprehensive SBA lending options tailored to small and medium-sized businesses seeking financial support for growth and development. With a focus on the 7(a) loan program, they provide flexible financing solutions that can cover a variety of business needs, including working capital, equipment purchases, and expansion projects. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Memphis, TN, they serve a broad range of industries, emphasizing personalized service and competitive terms. The bank’s expertise in SBA lending makes it a reliable partner for entrepreneurs looking to leverage government-backed loans to achieve their business goals. Whether you’re a startup or an established enterprise, Paragon Bank is equipped to help you access the funding you need to succeed.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

4.7

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank offering SBA loan programs designed to support small and medium-sized businesses with flexible financing options and expert guidance throughout the application process.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank"s typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to call ahead for specific appointment times.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for accessing general banking services; however, specific loan applications may involve origination and closing costs.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves local residents and business owners in the Memphis area but offers SBA loan programs accessible to qualified applicants nationwide.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 640 or higher is generally required for loan qualification.

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.

Paragon Bank

Description

Location

Review

Q&A