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First Commercial Bank, National Association

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Description

First Commercial Bank, National Association offers comprehensive SBA lending services tailored to small and medium-sized businesses. With a focus on supporting growth and expansion, this bank provides a variety of loan options including the SBA 7(a) program, which is ideal for working capital, equipment purchases, and business acquisitions. Their experienced team works closely with clients to understand their unique financial needs and craft solutions that align with their goals. Located in Seguin, TX, the bank has a strong presence in the region and is committed to fostering local economic development. They also support other SBA programs, making them a versatile partner for entrepreneurs seeking flexible financing options. The bank’s approval amounts can reach up to $4,350,000, providing substantial capital for qualifying businesses. Their expertise in SBA lending ensures a smooth process from application to funding, with personalized service at every step.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
17
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan options and financial support for small and medium-sized businesses, helping them grow and succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending 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 special hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic consultation services; however, loan processing involves standard fees and costs associated with SBA programs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank serves the general public, primarily small business owners in the region seeking SBA financing options.
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 typically required, though higher scores improve the likelihood of 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 60 days, depending on the complexity of the application and completeness of documentation.
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