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Springs Valley Bank & Trust Company

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Description

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans to support growth and expansion. Whether you’re looking to finance equipment, real estate, or working capital, they offer tailored solutions to meet your needs. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency. With a focus on small businesses, they understand the unique challenges faced by entrepreneurs and provide flexible financing options. The bank’s commitment to community development is reflected in their support for local businesses, fostering economic growth in the region. They have a strong track record of approving loans up to $179,000, helping clients achieve their business goals. Their SBA program expertise includes the 7A loan program, which is ideal for a variety of business purposes. They are dedicated to serving the financial needs of small business owners with personalized service and competitive rates.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
35
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loans and small business financing options. You can find personalized assistance for your business funding needs, including loan applications and guidance through the process.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure personalized service, 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.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; loan fees and interest rates vary based 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 owners in the region, 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 620 is generally required for loan approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes approximately 2 to 4 weeks, depending on the completeness of your application and documentation.
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