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The Home National Bank of Thorntown

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Description

The Home National Bank of Thorntown 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 bank provides various loan options including SBA 7(a) programs, which are ideal for working capital, equipment purchase, or real estate acquisition. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank’s commitment to small business success is reflected in their personalized service and flexible lending criteria. Whether you’re starting a new venture or expanding an existing business, they aim to facilitate your financial needs with competitive terms and dedicated assistance. Located conveniently at 117 E Main St in Thorntown, they serve a broad range of industries, emphasizing their versatility and community focus. Their approval amounts can go up to $50,400, making them a reliable partner for small-scale projects and growth initiatives. The bank’s history with SBA programs demonstrates their expertise and commitment to supporting small businesses in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that offers SBA loan programs to small businesses. You can find personalized financial solutions, expert guidance, and support for business growth and expansion.
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 officer, 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 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; loan fees and interest rates vary based on the specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners in the Thorntown area, but they welcome inquiries from new clients seeking SBA financing.
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.
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 documentation.
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