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The Canandaigua National Bank and Trust Company

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their team is dedicated to guiding clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they aim to foster growth and success for small business owners in the community and beyond. Their expertise extends to SBA 7(a) loans, providing flexible financing options with competitive terms. Located conveniently in Canandaigua, NY, they serve local entrepreneurs and businesses across diverse industries, emphasizing a commitment to economic development and small business prosperity.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
66
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs, business banking services, and financial guidance for small businesses in the community.
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
They are typically open Monday through Friday from 9 am to 5 pm, but it"s best to confirm by contacting the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for specific banking services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the region, but they welcome new clients who meet their lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, 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 usually takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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