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BankFirst

BankFirst offers comprehensive SBA lending solutions tailored to small businesses seeking growth capital, working capital, or acquisition financing. With a focus on personalized service, they assist entrepreneurs in navigating the complexities of SBA loan programs, ensuring a smooth application process. Their team provides expert guidance on loan options, eligibility, and documentation, making it easier for small business owners to access the funding they need to succeed. Whether you’re starting a new venture or expanding an existing business, BankFirst is committed to supporting your financial goals with flexible terms and competitive rates. They also have experience in handling various industries, providing specialized support for different sectors. Their SBA program history includes a strong track record with the 7A loan program, which is ideal for a wide range of business purposes. The bank emphasizes building long-term relationships with clients, offering ongoing support beyond the initial loan approval. Their commitment to community development and small business growth makes them a trusted partner for entrepreneurs in Norfolk and beyond.

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Lender Type

Commercial Bank

Google Rating

2.7

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Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution that provides SBA loans and small business financing options. You can find personalized support for your business funding needs, including guidance on loan programs, application processes, and industry-specific financing solutions.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in visits may be accommodated depending on availability. Contact the branch ahead of time for the best experience.

Question 3

What are the hours of operation?

Answer 3

The branch operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment. Please check with the branch for holiday hours or special closures.

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 depending on the loan type and amount.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small business owners and entrepreneurs, with eligibility based on creditworthiness and business qualifications rather than residency alone.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of around 650 is typically required, though higher scores improve the chances of approval.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process usually takes approximately 30 to 45 days, depending on the completeness of the application and documentation provided.

BankFirst

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