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The Harvard State Bank

The Harvard State Bank
The Harvard State Bank

Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the SBA 7(a) program, it provides tailored financing solutions to help entrepreneurs grow and expand their operations. The bank is equipped to handle loan requests up to $282,000, making it suitable for a wide range of business needs, from working capital to equipment purchases. Located in Harvard, Illinois, the bank’s team understands local market conditions and offers personalized service to each client. Its experienced staff guides borrowers through the application process, ensuring they meet all requirements for approval. Whether you’re starting a new venture or expanding an existing business, this lender is committed to providing accessible and efficient funding options. The bank also offers expertise in various industries, particularly in sectors aligned with its primary NAICS code of 624410. With a strong emphasis on customer service and community support, it aims to foster economic growth in the region while maintaining competitive terms and flexible lending criteria.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs designed to support small business growth. You can find personalized financial services, expert guidance, and access to funding options 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 officer, 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 for inquiries or consultations; loan fees depend on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents within the Harvard, IL area, but eligibility depends on meeting loan requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally recommended for loan consideration.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of application and documentation.
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