States Served
Top Industries Financed
- Full-Service Restaurants
- Other Building Finishing Contractors
Quick Summary
The Andover Bank is an SBA-approved lender headquartered in ANDOVER, Ohio. Since 2020, they have approved 2 SBA 7(a) loans totaling $2.1M, with an average loan size of $1.0M. They primarily serve Ohio businesses.
About The Andover Bank
The Andover Bank is an SBA-approved lender headquartered in ANDOVER, Ohio. Since 2020, they have approved 2 SBA 7(a) loans totaling $2.1M, with an average loan size of $1.0M. They primarily serve businesses in Ohio.
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Frequently Asked Questions
Is The Andover Bank an SBA Preferred Lender?
The Andover Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has The Andover Bank approved?
According to SBA FOIA public records, The Andover Bank has approved 2 SBA 7(a) loans totaling $2.1M since 2020. Their average loan size is $1.0M.
What states does The Andover Bank serve?
The Andover Bank primarily serves businesses in Ohio.
How do I apply for an SBA loan with The Andover Bank?
To apply for an SBA 7(a) loan with The Andover Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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Contact The Andover Bank
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