Petefish, Skiles & Co.
Description
Offering comprehensive SBA loan services, this commercial bank specializes in supporting small to medium-sized businesses with their financing needs. Whether you’re looking to expand, purchase equipment, or refinance existing debt, they provide tailored solutions to help your business grow. Their expertise includes SBA 7(a) loans, which are ideal for a variety of business purposes, and they have a strong track record of approving substantial loan amounts, with the largest recorded approval reaching over $3 million. Located in Virginia, IL, they serve local businesses and have a history of facilitating SBA program funding to foster economic development in the region.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4
Google Review Count
8
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs, including 7(a), to support small and medium-sized businesses in securing financing for growth and development.
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 operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be fees associated with loan processing and closing, which are outlined during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local business owners and residents in the Virginia, IL area, but may consider applicants from broader regions for certain programs.
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 preferred for loan consideration.
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 completeness of the application and supporting documents.