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Tower Community Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. With a focus on the 7A loan program, they provide funding solutions for business expansion, working capital, and other growth needs. Located in Jasper, TN, the bank has a strong track record of approving loans up to $140,500, helping entrepreneurs access the capital they need to succeed. Their experienced team understands the nuances of SBA loans and works closely with borrowers to streamline the application process, ensuring timely funding for your business goals. Whether you’re starting a new venture or expanding an existing one, this lender offers personalized support tailored to your industry and growth plans.

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Commercial Bank

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Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs to small businesses, providing funding solutions tailored to your growth needs. You can find assistance with loan applications, guidance on eligibility, and support throughout the borrowing process to help your business succeed.

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 are also welcome during business hours. Calling ahead can help you prepare and streamline your visit.

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 advisable to call ahead to confirm hours or schedule an appointment.

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 loan type and amount.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small business owners in the Jasper, TN area, but eligibility depends on meeting SBA and loan program requirements. Business owners must demonstrate good credit and business viability.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of approximately 640 is generally required, 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 about 30 to 45 days, depending on the completeness of your application and documentation.

Tower Community Bank

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