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Swedish-American State Bank

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Description

Specializing in small business financing, this bank offers a range of SBA loan options designed to support entrepreneurs and growing businesses. With a focus on facilitating access to capital, it provides tailored lending solutions that help clients expand operations, purchase equipment, or manage cash flow. The bank’s experienced team guides borrowers through the application process, ensuring clarity and support at every step. Whether you’re starting a new venture or scaling an existing business, this lender aims to be a reliable partner in your financial journey. They are known for their personalized service and commitment to local economic development, making them a trusted resource for small business owners in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
4
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and small business financing solutions to entrepreneurs and business owners in the region. You can find support for expansion, equipment purchase, and working capital needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, 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 may be fees associated with loan processing and closing, which are disclosed upfront during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs within the region, but eligibility depends on meeting specific loan 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 qualification.
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 completeness of your application and documentation.
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