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The Farmers State Bank of Westmoreland

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan options. With a focus on the 7A program, it provides funding solutions for startups, expansions, and working capital needs. The bank is equipped to handle loan amounts up to $337,500, making it an ideal partner for small business owners seeking reliable financial support. Its experienced team understands the unique challenges faced by small enterprises and offers tailored guidance throughout the loan process. Located in Westmoreland, Kansas, the bank is committed to fostering local economic growth while providing accessible financing options. Whether you’re looking to purchase equipment, refinance debt, or expand operations, this lender offers flexible terms to meet your business goals. The staff is dedicated to providing personalized service, ensuring clients understand their options and feel confident in their financial decisions. With a strong track record in SBA lending, this bank is a trusted resource for small business success in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs to small businesses, providing financing solutions such as the 7A loan program for business growth and development.
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 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
Yes, there are standard application and closing fees associated with SBA loans, which will be disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small businesses within the regional area, but they welcome inquiries from prospective clients in the community.
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 guarantors applying for SBA loans.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes around 30 to 45 days, depending on the completeness of the application and documentation.
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