Legacy State Bank
Legacy State Bank is an active SBA lender in Georgia, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 84 Google reviews.
$15M
in SBA approvals since 2010
11
SBA loans funded
General Retail · Hotels & Lodging · Cleaning, Landscaping & Janitorial
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Legacy State Bank
Legacy State Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this bank provides a range of loan options including SBA 7(a) loans, which are ideal for business expansion, equipment purchase, or working capital needs. Their experienced team assists clients through every step of the application process, ensuring a smooth and efficient experience. The bank's expertise in SBA programs helps businesses access competitive rates and flexible terms, making it a valuable partner for small business success. Located in Loganville, Georgia, they serve the local community and surrounding areas, emphasizing personalized service and financial expertise. Whether you're a startup or an established business, Legacy State Bank is committed to helping you achieve your financial goals with tailored lending solutions and dedicated support.
Common questions about Legacy State Bank
What is this place and what can I find here?
This is a bank that offers SBA lending options and financial services tailored to small businesses, helping them grow and succeed with personalized support.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a lender, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Is there a fee to use this?
There are standard fees associated with SBA loans, which vary depending on the loan amount and terms; details are provided during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves small business owners and entrepreneurs in the Loganville area and surrounding regions.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally required to qualify for SBA loans.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Legacy State 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 Legacy State Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Legacy State Bank is located in Georgia — 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.
Who owns or operates this listing?
This page is an independent directory listing for Legacy State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Legacy State Bank itself, which runs its own lending under its own ownership. If you work at Legacy State Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Legacy State 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 Legacy State Bank before applying. If you represent Legacy State Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Legacy State Bank by phone at (770) 554-2265 or online at legacystatebank.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 Legacy State Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Legacy State Bank 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 Legacy State Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Legacy State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Legacy State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Legacy State Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Legacy State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Legacy State Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Legacy State Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Legacy State Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Legacy State Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Legacy State Bank weighs this case by case under its own policy, so be upfront about your history and ask Legacy State Bank how it evaluates prior bankruptcies.
