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Riverland Bank

Riverland Bank offers comprehensive SBA lending services tailored to small businesses seeking financing options. With a focus on supporting local entrepreneurs, the bank provides various loan programs designed to meet diverse business needs, including working capital, equipment purchase, and expansion funding. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank’s SBA program history includes participation in the 7A loan program, which is ideal for general business financing. They are committed to fostering economic growth within the community by providing accessible and flexible loan solutions. Whether you’re a startup or an established business, Riverland Bank aims to be a trusted partner in your growth journey.

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Lender Type

Commercial Bank

Google Rating

3.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs designed to support small businesses. You can find assistance with business financing, including loans for expansion, equipment, and working capital. The staff is dedicated to helping entrepreneurs access the capital they need to grow and succeed.

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-in consultations may also be available during business hours. Calling ahead can help streamline your visit and prepare necessary documents.

Question 3

What are the hours of operation?

Answer 3

The bank operates during regular business hours from 9 am to 5 pm, Monday through Friday. It"s best to contact the branch directly for specific appointment times or after-hours services.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, standard loan application and closing fees may apply depending on the financing arrangement. Details are provided during the loan process.

Question 5

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

Answer 5

This bank primarily serves local small business owners and residents in the region. Eligibility depends on meeting the specific loan criteria and business qualifications.

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 generally preferred, but other factors such as business performance and collateral 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 the application.

Riverland Bank

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