Washington Savings Bank
Description
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their team is dedicated to guiding clients through the application process, ensuring clarity and support at every step. With a focus on community development, they serve a wide range of industries, helping entrepreneurs turn their visions into reality. Their expertise in SBA loans, including the 7(a) program, makes them a reliable partner for small business growth and success.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and small business financing solutions. You can find assistance with funding your business growth, expansion, or working capital needs.
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 may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
Typically, they operate Monday through Friday from 9 am to 5 pm, but it"s best to contact them directly for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There may be application and closing 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 institution primarily serves small businesses within its regional area, but they also support clients nationwide through SBA programs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for loan qualification.
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 application and completeness of documentation.