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STAR Financial Bank

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan options. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. With a focus on community development and small business growth, they are committed to fostering economic vitality in the region. The bank’s SBA program history includes a strong track record with the 7A loan program, making them a reliable partner for entrepreneurs seeking flexible financing options. Their services are designed to accommodate a wide range of industries, with particular expertise in retail, healthcare, and service sectors. Located in Fort Wayne, Indiana, they serve local businesses with personalized attention and expert advice. The bank maintains a customer-centric approach, emphasizing transparency, accessibility, and support throughout the lending process.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
152
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs designed to help small businesses secure financing for growth and operations. You can find personalized assistance, loan options, and expert guidance tailored to your 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 specialist, though walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Appointments outside these hours can be arranged upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial inquiries; however, loan application and processing fees may apply during the lending process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners and entrepreneurs within the region seeking SBA financing, regardless of membership status.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally required, though higher scores improve the likelihood of approval.
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 application and completeness of documentation.
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