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State Bank of Texas

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans that support growth, expansion, and operational needs. With a focus on the 7(a) loan program, it assists entrepreneurs in securing funding up to $1,142,000, making it an ideal partner for small to medium-sized enterprises. The bank’s experienced team guides clients through the application process, ensuring tailored solutions that meet specific business goals. Located in Irving, Texas, it serves a diverse range of industries, with particular strength in the hospitality sector, and has a proven track record of approving substantial loan amounts to qualified borrowers. Whether you’re starting a new venture or expanding an existing business, this lender offers flexible financing options designed to foster success and stability.

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Lender Type

Commercial Bank

Google Rating

3.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loans to small businesses, helping them secure funding for growth, equipment, and operational needs through the SBA 7(a) program.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.

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 fees associated with SBA loans, including guarantee and closing fees, which will be detailed during the application process.

Question 5

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

Answer 5

This service is open to small business owners nationwide who meet the 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 640 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 30 to 60 days, depending on the completeness of the application and supporting documents.

State Bank of Texas

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