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First Security Bank and Trust Company

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Description

First Security Bank and Trust Company offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on SBA programs, this institution provides flexible loan options, including the popular 7(a) loan program, to help entrepreneurs access capital for various needs such as expansion, equipment purchase, or working capital. Located in Oklahoma City, the bank leverages its local expertise and extensive experience to guide clients through the loan process, ensuring a smooth and efficient experience. Their team is dedicated to understanding each business’s unique situation and providing customized financing solutions that align with their goals. Whether you’re a startup or an established enterprise, First Security Bank and Trust Company aims to facilitate your success by offering competitive rates and personalized service. Their commitment to supporting small businesses is evident in their history of approving significant loan amounts, with the largest recorded approval reaching nearly $170,000. The bank’s SBA program support, especially for 7(a) loans, makes them a strong choice for entrepreneurs looking for reliable financing options in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
60
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering small business loans, including 7(a) programs, to help entrepreneurs access capital for growth and development. They provide personalized guidance and competitive rates to support your business goals.
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 consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to consult with the bank; however, standard loan application and processing fees may apply if you proceed with a loan.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small businesses in the Oklahoma City region, but eligibility is based on creditworthiness and business criteria 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 640 is generally preferred, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of your application and supporting documents.
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