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First Bank of Alabama

First Bank of Alabama offers comprehensive SBA lending services designed to support small businesses in securing vital funding for growth and expansion. With a focus on the needs of local entrepreneurs, the bank provides tailored loan options, including SBA 7(a) loans, to help businesses acquire working capital, purchase equipment, or finance real estate. Their experienced team guides clients through the application process, ensuring a smooth experience from initial inquiry to loan closing. Located in Talladega, Alabama, the bank leverages its regional expertise to serve the community effectively, offering personalized service and flexible financing solutions tailored to small business needs. Whether you’re starting a new venture or expanding an existing business, First Bank of Alabama is committed to helping you achieve your goals with reliable SBA loan programs and dedicated support.

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Lender Type

Commercial Bank

Google Rating

3.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a regional bank offering SBA loan programs and financial services tailored to small businesses seeking growth funding and support in the Talladega area.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment with a loan officer, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank is typically open from 9 am to 5 pm, Monday through Friday, but hours may vary by location, so it"s best to call ahead.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for visiting or consulting; however, loan processing fees and other charges may apply depending on the services used.

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 Alabama region, but services are available to qualified applicants nationwide for SBA loans.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 650 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 60 days, depending on the completeness of the application and loan complexity.

First Bank of Alabama

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