RiverHills Bank
Description
RiverHills Bank offers comprehensive SBA lending options tailored to meet the needs of small businesses seeking financial support for growth, equipment, or operational expenses. With a focus on personalized service, the bank provides various loan programs including the SBA 7(a) to help entrepreneurs access capital with flexible terms. Located in Milford, Ohio, it serves local businesses with a commitment to fostering economic development and supporting community enterprises.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4.4
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan programs and financial services for small businesses. You can find assistance with funding, business growth, and community banking support tailored to your 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 service, but walk-ins are also welcome during business hours. Calling ahead can help prepare your application and expedite the process.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays, so it"s best to contact them in advance.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire; however, loan applications and processing may involve fees such as guarantee fees and closing costs depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners in the Milford area and surrounding communities. Eligibility depends on meeting SBA and bank criteria, not solely residency.
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 generally recommended, 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 2 to 4 weeks, depending on the completeness of your application and documentation.