Sunshine State Economic Development Corporation
Description
Sunshine State Economic Development Corporation offers comprehensive SBA lending programs designed to support small businesses in the Clearwater area. With a focus on fostering economic growth, this institution provides tailored financing options including SBA 7(a) loans to help entrepreneurs secure funding for various needs such as working capital, equipment, and expansion projects. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s commitment to community development is evident in their personalized service and flexible lending criteria, making them a reliable partner for small business owners seeking financial assistance.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
3
Google Review Count
2
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that provides SBA loan programs and small business financing solutions to support local economic growth and development.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on staff 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 no fees to visit the bank, but loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This institution primarily serves small business owners and entrepreneurs within the regional area, but eligibility is based on loan criteria rather than residency alone.
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 consideration.
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 completeness of the application and documentation provided.