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First Federal Savings Bank

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Description

First Federal Savings Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on small business needs, the bank provides various loan programs, including SBA 7(a), to facilitate access to capital for a wide range of industries. The bank’s experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Twin Falls, Idaho, the bank serves local entrepreneurs and small business owners, helping them achieve their financial goals with personalized service and competitive terms. Their SBA 7(a) program is well-established, offering flexible financing options for purchasing equipment, real estate, or working capital. The bank prides itself on quick approval times and dedicated customer service, making it a reliable partner for small business funding needs. Whether you’re starting a new venture or expanding an existing business, First Federal Savings Bank is committed to supporting your success with tailored financial solutions.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
32
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs to help small businesses secure financing for growth, real estate, and equipment purchases in the Twin Falls area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s 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 inquiries; however, standard loan fees and closing costs may apply during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the Twin Falls region, but they welcome qualified applicants from surrounding areas as well.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of the application and documentation provided.
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