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First State Bank of Porter

First State Bank of Porter offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment, and expansion projects. The bank’s experienced lending team guides clients through the application process, ensuring clarity and support at every step. Located in Porter, Indiana, the bank serves the surrounding community with personalized service and flexible financing options. Their SBA 7(a) program supports loan amounts up to $250,000, making it suitable for a wide range of business needs. Whether you’re a startup or an established business, First State Bank of Porter is committed to helping you achieve your financial goals through tailored lending solutions and dedicated customer service.

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Lender Type

Commercial Bank

Google Rating

4.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused bank offering SBA loan programs and personalized banking services to small businesses in Porter, Indiana.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment, but walk-ins are welcome during regular banking hours for consultations and application assistance.

Question 3

What are the hours of operation?

Answer 3

The bank is open Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment on Saturdays.

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 services requested.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

The bank primarily serves local residents and small businesses in the Porter area, but certain services may be available to non-residents upon qualification.

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 required for loan consideration, though higher scores improve approval chances.

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 completeness of documentation and loan complexity.

First State Bank of Porter

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