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Randolph-Brooks FCU

Offering comprehensive SBA financing options, this commercial bank specializes in supporting small businesses with their funding needs. Whether you’re seeking loans for expansion, equipment, or working capital, they provide tailored solutions to meet your business goals. With a focus on SBA programs, they facilitate access to capital through the 7(a) loan program, ensuring flexible terms and competitive rates. Their experienced team guides clients through the application process, helping to simplify what can often be a complex journey. Located in Live Oak, Texas, they serve a diverse range of industries, emphasizing personalized service and local expertise to foster business growth and community development. The bank’s commitment to small business success is reflected in their support for various SBA loan programs, making them a reliable partner for entrepreneurs and established companies alike.

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Lender Type

Commercial Bank

Google Rating

3.3

Google Review Count

117

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank that offers SBA loan programs and small business financing solutions. You can find assistance with loans for expansion, equipment, or working capital, along with expert guidance through 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 service, but walk-ins may also be accommodated depending on availability. Contact the bank in advance for the best experience.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it"s best to confirm before visiting.

Question 4

Is there a fee to use this?

Answer 4

There are standard fees associated with SBA loans, including origination and closing costs. Fees are transparently disclosed during the application process.

Question 5

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

Answer 5

This bank primarily serves small businesses and entrepreneurs in Texas, with a focus on local community support. Membership or residency may be required for certain services.

Question 6

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

Answer 6

A minimum personal credit score of 620 is generally preferred for SBA loan guarantors, though other factors are also considered.

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 application materials.

Randolph-Brooks FCU

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