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First-Citizens Bank & Trust Company

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Description

First-Citizens Bank & Trust Company offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth and expansion. With a focus on the 7A loan program, it provides flexible financing options for a variety of business needs, including working capital, equipment purchase, and real estate acquisition. The bank’s experienced team guides borrowers through the application process, ensuring clarity and support at every step. Its strong approval record, with loans up to $936,500, demonstrates its commitment to serving diverse industries and business models. Located in Raleigh, North Carolina, this institution combines local expertise with national lending capabilities, making it a reliable partner for entrepreneurs across the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
2
Google Review Count
31
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs, including the 7A program, to help small and medium-sized businesses access financing for growth and expansion. You can find expert support, application guidance, and flexible loan options tailored to your business needs. The bank serves businesses primarily in North Carolina but also provides national lending capabilities.
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-in consultations may also be available during business hours. Contact the branch in advance to confirm availability and arrange a meeting if needed.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it’s best to check with the branch directly for specific times.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting at the branch; however, loan applications and processing involve standard fees such as guarantee fees, closing costs, and service charges, which are disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and businesses within its regional service area, but SBA loan programs are available to eligible small businesses nationwide, regardless of location, provided they meet program criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of approximately 640 is generally recommended, though higher scores improve approval chances and loan terms.
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 application and completeness of submitted documentation.
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