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Waterford Bank, National Association

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Description

Waterford Bank, National Association offers comprehensive SBA lending services tailored to small businesses seeking financial growth and stability. With a focus on supporting entrepreneurs, the bank provides various loan programs, including the popular SBA 7(a) loan, to help fund startups, expansions, and acquisitions. Their expertise extends to serving diverse industries, ensuring clients receive personalized solutions aligned with their business goals. The bank’s experienced team guides borrowers through the application process, emphasizing transparency and efficiency. Whether you’re looking for working capital, equipment financing, or real estate loans, Waterford Bank is equipped to meet your needs with flexible terms and competitive rates. Their commitment to small business success makes them a trusted partner in the lending landscape, fostering economic growth in the Toledo area and beyond. The bank’s robust support for SBA programs demonstrates their dedication to helping small businesses thrive in a competitive market.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.9
Google Review Count
42
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank specializing in SBA lending services, offering small businesses access to loans, financing options, and financial guidance to support growth and expansion.
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-in consultations may be available 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, with additional hours by appointment.
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 small business clients, including residents and businesses within its lending regions, but eligibility depends on meeting loan criteria.
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 30 to 45 days, depending on the complexity of the loan application and completeness of documentation.
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