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State Bank of Southern Utah

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Description

Offering comprehensive SBA lending options, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the needs of local entrepreneurs, it provides tailored financing solutions to help start, grow, or expand small businesses. The bank is experienced in handling SBA 7(a) loans, which are ideal for a wide range of business purposes including working capital, equipment, and real estate acquisitions. Customers can benefit from personalized service and expert guidance throughout the loan process, ensuring a smooth experience from application to funding. The bank’s team understands the local market and is committed to fostering economic growth in the Cedar City area and beyond. Whether you’re a startup or an established business, this lender offers flexible terms and competitive rates to meet your financial goals. Their support extends to various industries, with a strong emphasis on small business development and community investment. The bank’s knowledgeable staff can assist with loan structuring, application preparation, and ongoing support to ensure your business success.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
66
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and small business financing solutions, providing personalized service to help entrepreneurs grow their businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment with a loan officer, but walk-ins are also welcome during business hours for general inquiries.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the branch; however, loan processing and application fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but non-residents may also qualify with appropriate documentation.
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 other factors are also considered during approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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