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The Ephrata National Bank

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Description

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans and financial solutions tailored to meet diverse business needs. With a focus on supporting local entrepreneurs and established companies alike, it offers a variety of loan programs including SBA 7(a) and 504 loans, designed to facilitate growth, expansion, and operational stability. The bank’s experienced lending team works closely with clients to understand their unique circumstances and craft customized financing options. Whether you’re seeking funding for equipment, real estate, or working capital, this lender provides flexible terms and competitive rates to help your business thrive. Their commitment to community development and small business success makes them a trusted partner in the region. The bank also offers guidance on loan applications, eligibility criteria, and the overall borrowing process, ensuring a smooth experience from application to funding. With a strong local presence and a history of supporting small businesses, they are well-equipped to assist entrepreneurs at every stage of their business journey. This institution is dedicated to fostering economic growth and providing accessible financing solutions to foster local enterprise development.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
44
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 loan applications, guidance on eligibility, and access to various funding options tailored for small businesses in the Ephrata area.
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 lending specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for your visit and expedite the process.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 4:00 PM, Monday through Friday. It is advisable to check with the branch for any variations or special hours during holidays.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan applications and processing may involve fees such as application fees, closing costs, and service charges, which vary depending on the specific loan program.
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 Ephrata region, but they may also work with clients from surrounding areas depending on the loan type and eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
The bank generally looks for a minimum personal credit score of 650 for guarantors, though higher scores may improve approval chances and loan terms.
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 complexity of the loan and completeness of the application.
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