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River Bank

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Description

River Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides expertise in navigating SBA loan programs, including the popular 7(a) loan program, to help clients achieve their business goals. Their team is dedicated to guiding borrowers through the application process, ensuring they understand the requirements and benefits of each loan option. Located in Stoddard, WI, River Bank is committed to serving local businesses while also offering flexible financing solutions for various industries. Whether you’re a startup or an established company, their SBA lending team can assist with loans up to $216,000, making them a reliable partner for your financial needs. The bank emphasizes quick turnaround times and transparent fee structures, aiming to support the growth and success of their clients with personalized attention and industry expertise.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs to help small businesses secure funding for growth, equipment, or working capital. You can find personalized support and guidance through the application process, with a focus on local business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates Monday through Friday from 9:00 AM to 4:00 PM. It"s best to contact the branch directly for specific hours or to schedule an appointment outside regular hours.
Question 4
Is there a fee to use this?
Answer 4
There are application and closing fees associated with SBA loans, but the bank maintains a transparent fee structure. Borrowers are encouraged to review all costs upfront before proceeding.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local businesses in the Stoddard area, but eligibility for SBA loans depends on meeting specific financial and credit criteria, regardless of residency.
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 typically preferred, but higher scores can improve approval chances. Each application is evaluated on a case-by-case basis.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application. The bank aims to provide timely decisions to support business growth.
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