The Commercial and Savings Bank of Millersburg, Ohio
Description
The Commercial and Savings Bank of Millersburg offers specialized SBA lending services designed to support small businesses in their growth and development. With a focus on providing accessible financing options, the bank helps entrepreneurs secure funding for various needs, including equipment purchase, working capital, and expansion projects. Their SBA program history includes a strong track record with the 7A loan program, supporting businesses with loans up to $500,000. Located in Millersburg, Ohio, this bank combines local expertise with comprehensive financial solutions to meet the needs of small business owners in the region.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and small business financing solutions. You can find assistance with SBA 7A loans, small business credit, and personalized financial guidance tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours for initial inquiries.
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 extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the services utilized.
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 Millersburg area and surrounding regions, but they may consider applications from qualified borrowers outside the immediate locality.
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, though the exact requirement may vary based on the loan and applicant profile.
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 completeness of the application and the complexity of the loan request.