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First Bank of Central Ohio

First Bank of Central Ohio
First Bank of Central Ohio

Description

First Bank of Central Ohio offers comprehensive SBA lending solutions tailored to small and medium-sized businesses. With a focus on supporting local entrepreneurs, the bank provides access to SBA 7(a) loans, which are ideal for financing a variety of business needs including working capital, equipment, and real estate. The bank’s experienced team works closely with clients to understand their unique financial situations and craft loan packages that meet their goals. Whether you’re expanding your operations or starting a new venture, First Bank of Central Ohio is committed to helping you succeed with flexible lending options and personalized service. Their expertise in SBA programs ensures that borrowers receive competitive terms and guidance throughout the loan process. The bank’s commitment to community development and small business growth makes it a trusted partner for entrepreneurs in the region, offering support from application to funding. With a strong track record of approving loans up to $965,000, they are well-equipped to assist businesses at various stages of growth and development.

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Q&A

Lender Type
Commercial Bank
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA lending services, including 7(a) loans, to support small business growth and expansion in the Ohio region. You can find personalized financial solutions, expert guidance, and access to funding options tailored to your business needs.
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 specialist, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to check with the branch directly for any variations or special hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank; however, loan processing and application fees may apply depending on the financing options selected. These fees are disclosed upfront during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank"s services are primarily available to residents and businesses within the Ohio region, though certain SBA programs may be accessible to out-of-state applicants with qualifying criteria.
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 can improve approval chances and loan terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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