Bank3

This is a financial institution that offers SBA loans and small business financing options. You can find assistance with loan applications, guidance on SBA programs, and personalized support to help your business grow.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but it's best to contact them directly for specific hours.

There are no fees for simply visiting or consulting; however, loan processing and application fees may apply during the financing process.

This institution primarily serves small business owners and entrepreneurs, with services available to qualified applicants nationwide, though local support is based in Memphis.

A minimum personal credit score of around 640 is typically preferred, but other factors are also considered during approval.

The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of application materials.

Most banks keep weekday business hours and are closed on weekends, and Bank3 typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Bank3 to confirm current weekend availability before you go.

Bank3 is located in Tennessee — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Bank3, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Bank3 itself, which runs its own lending under its own ownership. If you work at Bank3, you can claim this listing from this page to manage it.

The core details for Bank3 — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Bank3 before applying. If you represent Bank3, claim this listing to keep its information up to date.

Bank3 can be reached at (833) 623-2265 or via email at support@bank3.com — confirm SBA loan details directly with their team.

Like most SBA lenders, Bank3 can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Bank3 directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Bank3 participates in SBA Express depends on its specific SBA lending authority. Contact Bank3 and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Bank3 can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Bank3's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Bank3 directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Bank3 what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Bank3 to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Bank3 to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Bank3 weighs this case by case under its own policy, so be upfront about your history and ask Bank3 how it evaluates prior bankruptcies.