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Thomaston Savings Bank

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Description

Thomaston Savings Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides access to SBA 7(a) loans, which can be used for a variety of purposes including working capital, equipment purchase, and real estate acquisition. Their experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank’s commitment to supporting local businesses is reflected in their flexible loan options and competitive terms, making them a reliable partner for entrepreneurs in the Thomaston area and beyond. Whether you’re a startup or an established business, Thomaston Savings Bank aims to help you achieve your financial goals with tailored SBA loan programs and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
18
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services tailored to small businesses, providing expert guidance and personalized support for your funding 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 may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the services used.
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 Thomaston area, but may also work with clients from surrounding regions.
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 preferred, but approval depends on the overall financial profile and collateral.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and the complexity of the loan.
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