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First State Bank and Trust

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Description

First State Bank and Trust offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, working capital, or acquisition needs. With a focus on personalized service, the bank provides SBA 7(a) loans, which are flexible and accessible for a variety of business purposes. Their team works closely with clients to understand their unique financial situations and craft suitable loan solutions, including loan amounts up to $25,000. Located in Tonganoxie, Kansas, the bank is committed to supporting local entrepreneurs and small business development through reliable SBA programs. The bank’s experienced staff guides borrowers through the application process, ensuring they meet the necessary criteria for approval. Whether you’re starting a new venture or expanding an existing business, First State Bank and Trust aims to facilitate your success with tailored financial products and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services tailored for small businesses, including personalized support and flexible financing options.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9 am to 5 pm, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There may be fees associated with loan processing and closing costs, but there is no fee to access basic information or initial consultations.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners in the local community and surrounding areas seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is typically required for SBA loan approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the completeness of the application and supporting documents.
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