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South Coast Bank & Trust

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Description

South Coast Bank & Trust offers comprehensive SBA lending solutions tailored to meet the needs of small and medium-sized businesses. With a focus on supporting local entrepreneurs, the bank provides various loan programs including SBA 7(a) and 504 loans, designed to facilitate business growth, real estate acquisitions, equipment purchases, and working capital needs. Their experienced team guides clients through the application process, ensuring a smooth experience from initial inquiry to loan closing. The bank is committed to fostering economic development in the Brunswick area and beyond, offering flexible financing options with competitive terms and personalized service. Whether you’re starting a new venture or expanding an existing business, South Coast Bank & Trust aims to be a trusted partner in your success, providing the financial tools and expertise necessary to achieve your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
9
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan programs and financial services to help small and medium-sized businesses grow and succeed, offering personalized support and flexible financing options.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is 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 from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary for specific departments or services.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire; however, loan applications and services may involve standard fees and charges associated with specific financial products.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local businesses and residents in the Brunswick area, but business clients from surrounding regions may also be eligible.
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, but approval depends on overall financial health and business qualifications.
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 documentation.
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