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First Bank and Trust Co

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Description

First Bank and Trust Co offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides various loan options including SBA 7(a) loans, known for flexible terms and competitive rates. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Duncan, Oklahoma, they serve local businesses with a commitment to community development and economic growth. The bank specializes in small business financing, supporting entrepreneurs in achieving their goals with tailored financial solutions. Whether you’re starting a new venture or expanding an existing business, First Bank and Trust Co is dedicated to helping you succeed with reliable SBA loan programs and expert advice. Their team understands the unique needs of small businesses and offers customized financing options to meet those needs, fostering long-term success and stability.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
36
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and small business financing options tailored to your needs. You can find personalized support and guidance for securing funding to grow your business.
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 specialist, but walk-in consultations may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to call ahead to confirm hours or schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, loan application and closing costs may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents within the Duncan area, but eligibility for SBA loans can extend beyond local residents based on the application criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a personal credit score of 640 or higher is preferred for guarantors, though this can vary based on the overall financial profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the completeness of the application and the complexity of the loan.
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