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Vast Bank, National Association

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Description

Vast Bank, National Association offers comprehensive SBA lending solutions tailored to meet the needs of small and medium-sized businesses across various industries. With a focus on supporting business growth and expansion, this commercial bank provides access to SBA loan programs including the 7(a) loan program, which is ideal for financing working capital, equipment, and real estate purchases. Located in Tulsa, Oklahoma, the bank leverages its strong regional presence to facilitate quick and efficient loan processing. Their experienced lending team works closely with clients to understand their unique financial situations and craft suitable financing options that align with their business goals. Whether you are a startup or an established enterprise, Vast Bank aims to serve a diverse range of industries, emphasizing personalized service and flexible lending terms. The bank’s commitment to supporting local businesses is reflected in its ability to provide large approval amounts, with the largest recorded approval reaching over $1 million. Their SBA programs are designed to help businesses overcome financial hurdles and achieve sustainable growth, making them a reliable partner for entrepreneurs seeking reliable funding sources.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
4
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and financial services tailored to small and medium-sized businesses, including SBA 7(a) loans for various business 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, though walk-ins may be accommodated during business hours.
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 extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; however, loan processing and application fees may apply depending on the services utilized.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses, but SBA loan programs are accessible to qualified applicants nationwide.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 or higher is preferred for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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