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The Bank of Romney

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Description

The Bank of Romney offers comprehensive SBA loan services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving the local community, this institution provides various loan options, including SBA 7(a) loans, that help entrepreneurs access the capital they need with flexible terms and competitive rates. Located conveniently at 95 E Main St in Romney, WV, the bank specializes in supporting small businesses across diverse industries, particularly those involved in agriculture, retail, and services. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. Whether you’re a startup or an established business, The Bank of Romney is committed to fostering economic development in the region by offering personalized financial solutions and expert advice. The bank’s strong community ties and dedication to customer service make it a trusted partner for local entrepreneurs looking to secure funding for their business ambitions. Their SBA program history indicates a solid track record of supporting small business growth through the SBA 7(a) loan program, with approval amounts reaching up to $172,000, demonstrating their capacity to fund a variety of business needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
19
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that offers SBA loan programs designed to help small businesses access funding for growth and operational needs. You can find personalized financial services and expert guidance to support your business goals.
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-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank is typically open from 9 AM to 4 PM, Monday through Friday. It"s best to call ahead to confirm hours or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations, but loan processing and application fees may apply depending on the loan type and amount.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small businesses within the region, but they may consider applications from non-residents based on eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum credit score of 640 is preferred, but the final decision depends on the overall financial profile and collateral.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application and the complexity of the loan.
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