R Bank
Description
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their expertise includes SBA 7(a) loans, which are ideal for a wide range of business purposes, and they have a strong track record of approving substantial loan amounts, with the largest recorded approval reaching $449,100. The bank is dedicated to helping entrepreneurs access the capital they need to grow and succeed, providing personalized guidance throughout the application process.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
22
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs designed to help small businesses access financing for various needs. You can find information about different loan options, application processes, and support services tailored to entrepreneurs.
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-in consultations may also be available during business hours. Contact the bank ahead of your visit for the best experience.
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 advisable to confirm hours directly with the branch before visiting.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing general information, but loan application and processing may involve certain fees such as origination or closing costs. Details are provided during the application process.
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 across the country. Eligibility depends on meeting specific loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of approximately 640 is generally required, 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 typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.