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The Harbor Bank of Maryland

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Description

The Harbor Bank of Maryland offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on serving the local community, this institution provides a range of loan options including the SBA 7(a) program, which is ideal for working capital, equipment purchase, and expansion needs. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. The bank specializes in supporting small to medium-sized enterprises across various industries, emphasizing personalized service and flexible financing solutions. Located in Baltimore, Maryland, they are committed to fostering economic development within the region. The bank’s expertise extends to handling large approval amounts, with approvals reaching up to $463,500, demonstrating their capacity to support diverse business needs. Whether you’re a startup or an established business, The Harbor Bank of Maryland aims to provide accessible and reliable SBA loan options to help your business thrive.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
41
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and business financing solutions. You can find information on loan options, application processes, and support services for small businesses.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic information; fees may apply for specific services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners and entrepreneurs in Maryland seeking SBA financing.
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, but this can vary based on the loan and applicant circumstances.
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 application and completeness of documentation.
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