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The Cooperative Bank

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Description

The Cooperative Bank offers comprehensive SBA lending services tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this bank provides various loan options, including SBA 7(a) loans, to help fund startups, expansions, and operational needs. Their experienced team guides clients through the application process, ensuring a smooth experience from initial inquiry to loan closing. Located in Roslindale, MA, they serve a diverse range of industries, emphasizing personalized service and flexible financing solutions. The bank’s primary NAICS code, 722511, indicates a specialization in Food Service Contractors, reflecting their strength in supporting hospitality-related businesses. They are committed to fostering economic development within their community and beyond, offering competitive rates and transparent fee structures. Whether you’re looking for a small microloan or a larger SBA-backed loan, The Cooperative Bank is equipped to assist with your business goals. Their dedication to accessible financing makes them a valuable partner for local business owners seeking reliable funding options.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
16
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering various loan programs designed to support small business growth. You can find assistance with SBA 7(a), 504, and Express loans, tailored to your specific 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 loan specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with appointments available outside regular hours upon request.
Question 4
Is there a fee to use this?
Answer 4
Yes, there are fees associated with loan processing and closing, but they are transparent and disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners within the region, but they welcome inquiries from entrepreneurs across the country seeking SBA funding.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for SBA loans through this lender.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and supporting documents.
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