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Southern Bank

Southern Bank offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they provide SBA 7(a) loans that help entrepreneurs access capital with flexible terms and competitive rates. Their experienced lending team works closely with clients to understand their unique business goals and craft financing solutions that align with their plans. Whether you’re looking for working capital, equipment financing, or real estate loans, Southern Bank is equipped to assist at every stage of your business journey. Their commitment to community banking ensures a dedicated approach to supporting local businesses across the region, fostering economic development and job creation. They also offer guidance on the application process, ensuring clients navigate SBA programs smoothly and efficiently. With a strong track record of approving loans up to $42,300, Southern Bank is a reliable partner for small business owners seeking accessible and straightforward financing options. Their expertise in SBA programs makes them a valuable resource for businesses aiming to leverage government-backed loans for growth and stability.

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Lender Type

Commercial Bank

Google Rating

4.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs to small businesses, providing funding solutions such as SBA 7(a) loans, and supporting local economic growth. You can find personalized banking services, expert advice, and assistance with loan applications tailored to small business needs.

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-in visits are also accepted depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 8:30 AM to 5:00 PM, Monday through Friday. It is advisable to check with the branch directly for specific hours or any holiday closures.

Question 4

Is there a fee to use this?

Answer 4

There may be application and closing fees associated with SBA loans, but these are clearly outlined during the application process. There are no fees for simply visiting or consulting with the bank.

Question 5

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

Answer 5

This bank primarily serves small business owners and residents within the region. Eligibility for SBA loans depends on meeting specific credit and business 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 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 60 days, depending on the completeness of your application and documentation.

Southern Bank

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