Virginia National Bank
Description
Virginia National Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. The bank’s experienced lending team works closely with clients to understand their unique needs and craft suitable financing solutions, leveraging their strong local presence in Charlottesville and broader regional expertise.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA lending services designed to support small businesses with various financing options and personalized banking solutions.
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 officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be application and processing fees associated with SBA loans; these are disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business clients within its regional area, but eligibility depends on meeting specific lending 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 650 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 30 to 60 days, depending on the complexity of the loan and completeness of documentation.