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Farmers and Merchants State Bank

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Description

Farmers and Merchants State Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides SBA 7(a) loans, which are ideal for business expansion, acquisitions, or refinancing. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Winterset, IA, the bank serves the local community while also supporting regional economic development. They are committed to helping entrepreneurs access the capital they need to succeed, offering flexible terms and competitive rates. Whether you’re starting a new venture or expanding an existing business, Farmers and Merchants State Bank is dedicated to providing tailored financial solutions that meet your needs. Their expertise in SBA programs makes them a trusted partner for small business owners across Iowa.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
53
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and financial services tailored to small businesses. You can find assistance with business loans, growth capital, and personalized banking support.
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-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing banking services, but loan applications may include processing fees and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in the Winterset area and surrounding regions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum credit score of 620 is generally required for SBA loan qualification.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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