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The Park Bank

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Description

The Park Bank offers comprehensive SBA lending solutions tailored for small businesses seeking financial support for growth, expansion, or operational needs. With a focus on serving local entrepreneurs, the bank provides flexible loan options including SBA 7(a) loans, which are ideal for a variety of business purposes such as 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 strong community presence and commitment to small business success make it a trusted partner for local business owners. Located in Madison, Wisconsin, they understand the regional market dynamics and offer personalized service to help businesses thrive. Whether you’re a startup or an established enterprise, The Park Bank’s SBA programs are designed to meet diverse funding needs with competitive terms and accessible support. Their primary NAICS code of 445210 indicates a focus on retail grocery stores, but they serve a broad spectrum of industries with tailored financial solutions. The bank’s approval amounts can go up to $185,000, making it suitable for small to medium-sized projects. Overall, they are dedicated to fostering economic growth in their community through reliable SBA lending options.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
123
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA lending solutions designed to support small business growth and expansion, with personalized service and flexible financing options.
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 lending specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank"s typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to contact them directly for specific appointment times or after-hours services.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only if you proceed with a loan application or other financial services.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the Madison region but may consider out-of-area applicants based on eligibility 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 45 days, depending on the complexity of the application and completeness of documentation.
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