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The Farmers National Bank of Canfield

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Description

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans to support growth and development. With a focus on the 7(a) loan program, they assist entrepreneurs in securing funding for various needs such as working capital, equipment, and expansion projects. Their experienced team is dedicated to guiding clients through the application process, ensuring a smooth experience from start to finish. Located in Canfield, Ohio, they serve local businesses while also supporting regional economic growth. The bank’s commitment to personalized service and flexible financing options makes them a trusted partner for small business owners seeking reliable SBA-backed loans. Whether you’re a startup or an established enterprise, they tailor their solutions to meet your unique financial needs, helping you achieve your business goals efficiently and effectively.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.5
Google Review Count
40
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 designed to help entrepreneurs grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9 am to 5 pm, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are application and processing fees associated with SBA loans, which vary depending on the loan specifics.
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 eligibility depends on meeting loan criteria.
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 higher scores improve approval chances.
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 loan complexity and documentation provided.
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