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WaFd Bank

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Description

WaFd Bank offers comprehensive SBA lending services tailored to meet the needs of small businesses seeking financial support for growth and development. With a focus on providing accessible funding options, the bank specializes in SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. Located in Seattle, WA, the bank provides personalized service and expert guidance to help clients navigate the lending process efficiently. Their experienced team understands the unique challenges faced by small businesses and works to streamline approval times, ensuring quick access to funds. Whether you’re a startup or an established business, WaFd Bank is committed to supporting your financial goals with flexible loan structures and competitive rates. Their expertise in SBA programs makes them a reliable partner for entrepreneurs looking to expand or stabilize their operations. The bank’s strategic focus on small business lending demonstrates their dedication to fostering local economic growth and community development. Contact them today to learn more about their SBA loan offerings and how they can assist your business in achieving its objectives.

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
34
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA lending services tailored to small businesses, providing financing options like SBA 7(a) loans to support growth and development. You can find information on loan programs, application processes, and personalized assistance to help you secure funding for your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with a loan officer for personalized guidance, but walk-in consultations may be available during business hours. Calling ahead can ensure you receive dedicated assistance promptly.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to contact the branch directly to confirm hours or to schedule an appointment outside regular hours if needed.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply inquiring or applying for SBA loans, but standard loan-related fees such as guarantee fees, closing costs, and interest rates apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in the local and regional area, but eligibility for SBA loans depends on meeting specific financial and business 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 typically required, but approval depends on overall financial health, collateral, and business performance.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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