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First Central Savings Bank

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Description

First Central Savings Bank offers comprehensive SBA lending options tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides flexible loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment purchases, and expansion projects. The bank’s experienced team guides clients through the application process, ensuring clarity and support at every step. Their lending services are designed to meet the needs of small to medium-sized enterprises, fostering economic development in the Glen Cove area and beyond. The bank also offers personalized consultation to help businesses identify the best financing options, making it a trusted partner for entrepreneurs looking to expand their operations or manage cash flow effectively. Whether you’re starting a new venture or growing an existing one, First Central Savings Bank is committed to providing accessible, reliable SBA loan solutions that align with your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
10
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs and banking services tailored to small businesses, including support for growth and expansion initiatives.
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 banking specialist, but walk-ins are also accommodated based on 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, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
Fees may apply for certain banking services and loan processing; please consult with the bank for specific fee details.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners in the local area, but eligibility depends on meeting specific 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 other factors may influence approval.
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 application.
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