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The Andover Bank

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Description

The Andover Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on small business financing, the bank provides various loan programs including the SBA 7(a) loan, which is ideal for business acquisition, working capital, and equipment financing. Their team of experienced lenders works closely with clients to understand their unique needs and craft customized financial solutions. The bank’s expertise in SBA lending ensures a smooth application process, competitive rates, and flexible terms designed to help small businesses succeed. Located in Andover, Ohio, the bank is committed to supporting local entrepreneurs and fostering economic development in the region. Whether you’re looking for a short-term loan or a long-term financing plan, The Andover Bank is equipped to assist with your business goals and provide personalized service every step of the way.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
13
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan services and small business financing options, helping entrepreneurs access capital for growth and operational 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 lender, but walk-ins may be accommodated based on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates during standard banking hours, typically Monday through Friday from 9 am to 5 pm, but it"s best to call ahead for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information; however, loan processing and application fees may apply depending on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and entrepreneurs in the local 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 around 640 is generally preferred, but other factors are also considered in the approval process.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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