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First National Bank & Trust Company of McAlester

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Description

First National Bank & Trust Company of McAlester offers comprehensive SBA lending services tailored for small businesses seeking financial support. With a focus on facilitating business growth, this institution provides various loan options including the SBA 7(a) program, which is ideal for working capital, equipment purchases, and expansion projects. Their experienced team guides clients through the application process, ensuring clarity and efficiency. The bank is committed to supporting local entrepreneurs with personalized service and flexible financing solutions. Whether you’re starting a new venture or expanding an existing business, they aim to meet your unique needs with competitive terms and dedicated assistance.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.7
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA lending services, including the popular 7(a) program, along with traditional banking products to support small business growth and expansion.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome depending on staff availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary on holidays or special occasions, so it"s best to call ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; however, loan processing and application fees may apply during the financing process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small businesses within the region but is open to new clients who meet their lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, though stronger credit histories can improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
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