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Security Savings Bank

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Description

Security Savings Bank offers comprehensive SBA lending solutions 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 SBA 7(a) loans, known for their flexibility and favorable terms, helping clients access funding efficiently. Their team works closely with borrowers to understand their unique needs, guiding them through the application process and ensuring smooth approval. The bank’s expertise extends to supporting various industries, with a strong emphasis on community banking and local economic development. Whether you’re a startup or an established enterprise, Security Savings Bank aims to facilitate your business ambitions with tailored financial products and dedicated support. Their SBA programs are designed to help businesses leverage government-backed financing to expand operations, purchase real estate, or manage cash flow challenges. The bank prides itself on its commitment to customer service and community involvement, making it a trusted partner for small business owners in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
5
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and personalized financial services to small businesses in the community. You can find assistance with business loans, real estate financing, and growth capital 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 for general inquiries and support.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with extended hours by appointment or special arrangements.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, certain loan processing or application fees may apply depending on the services used.
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 region, but eligibility for specific programs may vary.
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 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.
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