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TBA CU

Offering comprehensive SBA lending options, this commercial bank specializes in supporting small businesses with various financing needs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to help your business grow. Their expertise extends to SBA 7(a) loans, which are ideal for a wide range of business purposes, including real estate, inventory, and debt refinancing. Located in Traverse City, MI, they serve local entrepreneurs and small business owners with personalized service and competitive rates. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on community development, they also support local economic growth by providing accessible financing options. Their commitment to customer success makes them a trusted partner for small businesses looking to thrive in today’s competitive market.

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Lender Type

Commercial Bank

Google Rating

4.5

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a trusted local SBA lender offering small business financing solutions, including SBA 7(a) loans, to support growth and expansion in the Traverse City area.

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 based on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside regular hours upon request.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the financing options chosen.

Question 5

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

Answer 5

This lender primarily serves small business owners and entrepreneurs in the Traverse City 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 around 640 is typically required, though higher scores improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

TBA CU

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