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Woodford State Bank

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Description

Woodford State Bank offers comprehensive SBA lending solutions designed to support small businesses in securing financing for growth, expansion, and operational needs. With a focus on personalized service, the bank provides tailored loan options that cater to various business stages and industries. Their SBA 7(a) program is well-supported, enabling businesses to access funds for working capital, equipment, real estate, and more. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency. Located in Monroe, Wisconsin, they serve local entrepreneurs with a commitment to fostering economic development. Whether you’re a startup or an established enterprise, Woodford State Bank strives to deliver flexible lending options with competitive terms. Their expertise in SBA loans helps businesses navigate the complexities of financing, making growth attainable and manageable. The bank maintains a strong community presence and emphasizes building lasting relationships with clients, providing ongoing support beyond initial funding. If you’re seeking a trusted partner for SBA financing, Woodford State Bank offers a reliable and approachable option to meet your business needs.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
59
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and small business financing solutions, providing personalized support and guidance for entrepreneurs in Monroe, Wisconsin.
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 specialist, but walk-in visits 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 are fees associated with loan processing and closing, which vary depending on the loan specifics; consult with a representative for details.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents in Monroe, Wisconsin, but can support qualifying applicants from surrounding areas as well.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 680 is generally preferred, though other factors also influence approval.
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 loan application.
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