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Waldo State Bank

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Description

Waldo State Bank offers comprehensive SBA lending services tailored to small businesses seeking capital for growth, expansion, or operational needs. With a focus on supporting local entrepreneurs, the bank provides flexible financing options including SBA 7(a) loans, which are ideal for working capital, equipment purchases, or real estate acquisitions. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank’s commitment to community development is reflected in its personalized service and dedication to fostering local economic growth. Whether you’re a startup or an established business, Waldo State Bank is equipped to help you access the funding you need to succeed. They also support various industries, with particular strength in the hospitality sector, making them a reliable partner for small business owners in the region. The bank’s primary goal is to help clients secure affordable financing while providing expert guidance every step of the way. Their friendly staff is ready to assist with loan applications, repayment options, and strategic financial planning, ensuring a smooth experience from start to finish.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.9
Google Review Count
27
Question 1
What is this place and what can I find here?
Answer 1
This is Waldo State Bank, a community-focused financial institution offering SBA loans and banking services to support small business growth and development in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank is open Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for basic inquiries; loan processing and application fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the region, but non-residents may also apply.
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 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 between 30 to 45 days, depending on the complexity of the application.
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