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Farmers Savings Bank & Trust

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Description

Farmers Savings Bank & Trust offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans that can be used for a variety of purposes including working capital, equipment purchases, and real estate acquisitions. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. The bank prides itself on building strong relationships within the community and supporting local economic development. Whether you’re a startup or an established business, Farmers Savings Bank & Trust is committed to helping you access the capital you need to succeed. Their flexible lending options and attentive service make them a trusted partner for business owners in the Traer area and beyond.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
5
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loans and personalized financial services to support small businesses and entrepreneurs in the Traer area and beyond.
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 banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 4:30 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for basic inquiries, but loan applications and services may involve standard fees and charges disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
Services are primarily available to local residents and businesses within the bank"s service area, with some SBA programs accessible nationally.
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 preferred, but other factors are also considered during underwriting.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process typically takes 30 to 60 days, depending on the complexity of the loan and completeness of the application.
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