The Bank of Clovis

This is a community-focused bank that provides SBA loans, business banking services, and financial advice to help small businesses grow and succeed in Clovis and the surrounding areas.

It is recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-in consultations may also be available during business hours.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with some services available by appointment outside regular hours.

Fees vary depending on the service or loan product; detailed fee information can be obtained during the consultation process.

This bank primarily serves local small businesses and residents in Clovis and the surrounding communities, with some services available to non-residents.

A minimum personal credit score of 640 is generally preferred, though higher scores improve approval chances.

The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of application materials.

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

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

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

You can reach The Bank of Clovis by phone at (575) 769-9000 or online at bankofclovis.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 The Bank of Clovis before relying on them.

Based on its approved SBA loans, The Bank of Clovis most often finances businesses in construction & contractors, restaurants & food service, general retail, medical practices & clinics, and transportation & trucking. This reflects The Bank of Clovis'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 The Bank of Clovis 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 The Bank of Clovis participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of Clovis 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. The Bank of Clovis 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. The Bank of Clovis's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of Clovis 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 The Bank of Clovis 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 The Bank of Clovis 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 The Bank of Clovis 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. The Bank of Clovis weighs this case by case under its own policy, so be upfront about your history and ask The Bank of Clovis how it evaluates prior bankruptcies.