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Sawyer Savings Bank

Offering comprehensive SBA lending services, Sawyer Savings Bank specializes in providing financial solutions for small businesses across various industries. With a focus on supporting local entrepreneurs, the bank offers tailored loan programs designed to meet diverse funding needs. Whether you’re looking to expand your operations, purchase equipment, or finance real estate, Sawyer Savings Bank can assist with flexible terms and competitive rates. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to community growth is reflected in their personalized approach, making them a trusted partner for small business owners seeking reliable financing options. They have a strong history of approving loans up to $621,000, demonstrating their capacity to handle substantial funding requests. With a dedicated focus on the SBA 7(a) program, they aim to empower local businesses to thrive and expand within the region and beyond.

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Lender Type

Commercial Bank

Google Rating

3.1

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Question 1

What is this place and what can I find here?

Answer 1

This is a local bank offering SBA loan programs and financial services tailored for small businesses in the Saugerties area. You can find assistance with business expansion, real estate financing, and equipment purchases, all supported by experienced staff dedicated to community growth.

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-in consultations may also be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with additional hours by appointment on weekends or evenings upon request.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the specific financing arrangement.

Question 5

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

Answer 5

This bank primarily serves local residents and small business owners within the Saugerties region, but they may consider out-of-area applicants based on qualification criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 650 is generally preferred, 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 between 30 to 45 days, depending on the complexity of the loan and completeness of the application.

Sawyer Savings Bank

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