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Shinhan Bank America

Specializing in small business financing, this commercial bank offers a range of SBA loan programs designed to support business growth and development. With a focus on the 7A loan program, it provides flexible funding options for various business needs, including working capital, equipment purchase, and real estate acquisition. The bank is equipped to handle loan amounts up to $540,000, making it a strong partner for small to medium-sized enterprises seeking reliable funding solutions. Its experienced lending team guides clients through the application process, ensuring clarity and efficiency. Located in the heart of New York City, the bank combines local market expertise with national lending capabilities, serving a diverse array of industries. Whether you’re a startup or an established business, this bank aims to facilitate your growth with personalized service and competitive terms.

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Lender Type

Commercial Bank

Google Rating

3.9

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank offering SBA loan programs to help small businesses secure funding for growth, real estate, and equipment needs. You can find personalized lending solutions and expert guidance to support your business goals.

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-in consultations may also be available during business hours.

Question 3

What are the hours of operation?

Answer 3

The bank typically operates from 9 AM to 5 PM, Monday through Friday, but hours may vary, so it"s best to contact ahead of your visit.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to visit or consult; however, 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 small business clients and residents within its regional area, but eligibility depends on meeting specific lending criteria.

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 typically 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 usually takes between 2 to 4 weeks, depending on the completeness of your application and documentation.

Shinhan Bank America

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