Dime Community Bank

This is a bank that offers SBA loan programs designed to help small and medium-sized businesses access financing for growth, expansion, and operational needs. You can find information about their loan options, application process, and support services here. They specialize in SBA 7(a) loans, providing flexible funding solutions tailored to your business goals.

It's recommended to schedule an appointment to meet with their SBA lending specialists for personalized assistance. Walk-ins may be accommodated, but scheduling ensures dedicated time and a smoother process.

The bank's typical hours are Monday through Friday, from 9:00 AM to 5:00 PM. It's advisable to contact the branch directly for specific hours or to schedule an appointment outside regular hours.

There are no fees to access basic information or initial consultations. Loan-specific fees, including application and closing costs, apply based on the loan terms and amount.

This bank primarily serves local residents and businesses within its regional area but offers SBA loan programs to qualified applicants nationwide who meet the eligibility criteria.

A minimum personal credit score of 650 is generally preferred, though higher scores improve approval chances. The bank considers overall creditworthiness and business financials as well.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application. Timely submission of required documentation can help expedite the process.

Most banks keep weekday business hours and are closed on weekends, and Dime Community Bank 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 Dime Community Bank to confirm current weekend availability before you go.

Dime Community Bank is located in New York — 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 Dime Community Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Dime Community Bank itself, which runs its own lending under its own ownership. If you work at Dime Community Bank, you can claim this listing from this page to manage it.

The core details for Dime Community Bank — 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 Dime Community Bank before applying. If you represent Dime Community Bank, claim this listing to keep its information up to date.

You can reach Dime Community Bank by phone at (631) 909-7500 or online at dime.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Dime Community Bank before relying on them.

Based on its approved SBA loans, Dime Community Bank most often finances businesses in restaurants & food service, wholesale & distribution, general retail, construction & contractors, manufacturing, and medical practices & clinics. This reflects Dime Community Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Dime Community Bank which sectors 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 Dime Community Bank participates in SBA Express depends on its specific SBA lending authority. Contact Dime Community Bank 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. Dime Community Bank 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. Dime Community Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Dime Community Bank 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 Dime Community Bank 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 Dime Community Bank 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 Dime Community Bank 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. Dime Community Bank weighs this case by case under its own policy, so be upfront about your history and ask Dime Community Bank how it evaluates prior bankruptcies.