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Farmers Savings Bank

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Farmers Savings Bank
Farmers Savings Bank

Description

Farmers Savings Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financing options. Whether you’re looking to expand your operations, purchase equipment, or acquire real estate, this bank provides flexible loan programs to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, Farmers Savings Bank helps businesses access the capital they need to grow and succeed. The bank’s SBA program history includes a strong record of supporting small business growth through the SBA 7(a) loan program, with approval amounts reaching up to $495,000. Located in Colesburg, IA, they serve local businesses and the surrounding region, emphasizing community development and economic vitality.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is Farmers Savings Bank, a community bank offering SBA loan programs and financial services to local businesses. You can find assistance with business financing, loans, and personalized banking support.
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 Monday through Friday from 8:30 AM to 4:30 PM, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; standard loan application and processing fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in Colesburg and the surrounding region, but inquiries from outside the area are welcome.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for SBA loan guarantors.
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 the application and supporting documents.
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