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Powell Valley National Bank

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Description

Powell Valley National Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides access to SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. Their experienced lending team guides clients through the application process, ensuring clear communication and efficient approval timelines. The bank’s commitment to supporting local businesses is evident through their flexible loan options and competitive terms. Whether you’re a startup or an established enterprise, Powell Valley National Bank aims to foster economic development within the community by providing reliable SBA financing solutions. Their team understands the nuances of SBA programs and works diligently to match clients with the right loan products to meet their specific needs. Located at 33785 Main St in Jonesville, VA, the bank is well-positioned to serve the regional business community with a focus on small business growth and sustainability.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs, banking services, and financial support tailored for small businesses in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a lender, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for consulting with the bank; however, loan processing and service fees may apply depending on the loan product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the regional community, but eligibility depends on meeting loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 30 to 60 days, depending on the complexity of the loan application and completeness of documentation.
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