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The State Exchange Bank

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The State Exchange Bank
The State Exchange Bank

Description

Offering comprehensive SBA loan services, this financial institution specializes in supporting small businesses through various funding options. With a focus on the 7(a) loan program, it provides tailored solutions to help entrepreneurs grow and expand their operations. Located in Lamont, Oklahoma, the bank is committed to serving local businesses with personalized financial guidance and competitive rates. Whether you need funding for equipment, working capital, or real estate, this lender offers flexible terms and dedicated support to meet your business needs. Their experienced team understands the nuances of SBA lending and works diligently to streamline the application process, ensuring quick and efficient approval. The bank’s commitment to small business success is reflected in their strong approval track record, with loans up to $500,000. They also provide ongoing support to help clients navigate the complexities of SBA programs, making them a reliable partner for your business growth journey.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
3
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, with personalized service to help entrepreneurs secure funding for 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 specialist, but walk-ins may be accommodated based on availability.
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 appointments available outside these hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult with the bank; however, loan application and closing costs may apply depending on the funding process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses in the Lamont area but is open to any eligible small business applicant meeting SBA 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, but approval depends on overall financial health and collateral.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The typical underwriting process takes approximately 30 to 45 days, depending on the completeness of the application and supporting documents.
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