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River Bank and Trust

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Description

River Bank and Trust offers comprehensive SBA lending services tailored to small and medium-sized businesses. With a focus on supporting local entrepreneurs, this financial institution provides various loan options including SBA 7(a) loans, which are ideal for business expansion, equipment purchase, or working capital needs. Their experienced team works closely with clients to understand their unique financial situations and craft solutions that align with their growth objectives. The bank’s commitment to personalized service ensures that borrowers receive guidance throughout the application process, from initial inquiry to loan closing. They also have a strong track record of approving substantial loans, with approval amounts reaching up to $459,000. Located conveniently in Prattville, AL, they serve the local business community with a focus on fostering economic development and supporting regional industries. Whether you’re a startup or an established enterprise, River Bank and Trust aims to facilitate your business success through flexible financing options and dedicated support.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
21
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan services to small and medium-sized businesses. You can find assistance with financing options like SBA 7(a) loans, tailored to support business growth and expansion.
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.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9 AM to 5 PM, Monday through Friday, with special hours by appointment on weekends.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan application and processing fees may apply depending on the loan type and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in the Prattville area, but SBA loan eligibility is based on business criteria rather than residency alone.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is typically required for guarantors applying for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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