The Lyon County State Bank
Description
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs tailored to different needs. Whether you’re seeking funding for expansion, equipment purchase, or working capital, they provide flexible options backed by SBA guarantees. Their experienced team guides clients through application processes, ensuring clarity and efficiency. With a focus on personalized service, they aim to help entrepreneurs achieve their business goals with confidence. The bank’s commitment to community growth is reflected in their dedicated support for local businesses, making them a reliable partner for your financial needs.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
22
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans, including the 7(a) program, to help entrepreneurs access capital for growth and development. You can find personalized assistance and a variety of financing options tailored to your business needs.
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 specialist, but walk-in consultations may also be available 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. It"s best to call ahead to confirm availability for meetings or consultations.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan processing and guarantee fees may apply during the application process, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses within their regional area, but they also support eligible businesses nationwide through SBA programs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though higher scores 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 60 days, depending on the complexity of the application and completeness of documentation.