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Royal Banks of Missouri

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Description

Royal Banks of Missouri offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial growth. With a focus on supporting entrepreneurs, this bank provides various loan programs including the SBA 7(a) and 504, designed to meet diverse funding needs such as working capital, equipment purchase, and real estate acquisition. Located in University City, MO, the bank leverages its local expertise to guide clients through the loan process, ensuring smooth approval and funding. Their experienced team works closely with borrowers to customize financing solutions that align with their business goals, offering flexible terms and competitive rates. Whether you’re a startup or an established enterprise, Royal Banks of Missouri is committed to helping your business thrive with personalized service and reliable support. Their primary focus is on sectors like professional services, retail, and healthcare, making them a strong partner for small business growth in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.1
Google Review Count
22
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank specializing in SBA loans, providing small businesses with financing options for growth, real estate, and equipment. You can find personalized support and expert guidance to help you secure the funding you need.
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 officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank; however, loan application and processing fees may apply depending on the financing option.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in Missouri, but eligibility depends on meeting specific loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is required, 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 generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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