Paradise Bank

This is a commercial bank offering SBA loan programs and business banking services designed to help small and medium-sized businesses grow and succeed. You can find assistance with financing, business accounts, and personalized support tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours for general inquiries.

The bank is typically open from 9:00 AM to 5:00 PM, Monday through Friday. It’s best to call ahead to confirm specific hours or to schedule an appointment.

There are no fees for accessing basic banking services, but loan application and processing fees may apply depending on the specific SBA program and loan terms.

This bank primarily serves small business owners and entrepreneurs, with services available to residents and businesses within its lending region, though some services may be accessible nationwide.

A minimum personal credit score of around 640 is generally required, though higher scores improve approval chances and loan terms.

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

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

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

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

You can reach Paradise Bank by phone at (561) 392-5444 or online at paradise.bank — 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 Paradise Bank before relying on them.

Based on its approved SBA loans, Paradise Bank most often finances businesses in automotive repair & services, restaurants & food service, manufacturing, construction & contractors, wholesale & distribution, and fitness & recreation. This reflects Paradise 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 Paradise 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 Paradise Bank participates in SBA Express depends on its specific SBA lending authority. Contact Paradise 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. Paradise 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. Paradise Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Paradise 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 Paradise 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 Paradise 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 Paradise 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. Paradise Bank weighs this case by case under its own policy, so be upfront about your history and ask Paradise Bank how it evaluates prior bankruptcies.