First Bank of Central Ohio

This is a commercial bank that offers SBA lending services, including 7(a) loans, to support small business growth and expansion in the Ohio region. You can find personalized financial solutions, expert guidance, and access to funding options tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It's advisable to check with the branch directly for any variations or special hours.

There are no fees to visit the bank; however, loan processing and application fees may apply depending on the financing options selected. These fees are disclosed upfront during the application process.

The bank's services are primarily available to residents and businesses within the Ohio region, though certain SBA programs may be accessible to out-of-state applicants with qualifying criteria.

A minimum personal credit score of around 640 is generally preferred, though higher scores can improve approval chances and loan terms.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and First Bank of Central Ohio typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call First Bank of Central Ohio to confirm current weekend availability before you go.

First Bank of Central Ohio is located in Ohio — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for First Bank of Central Ohio, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First Bank of Central Ohio itself, which runs its own lending under its own ownership. If you work at First Bank of Central Ohio, you can claim this listing from this page to manage it.

The core details for First Bank of Central Ohio — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with First Bank of Central Ohio before applying. If you represent First Bank of Central Ohio, claim this listing to keep its information up to date.

First Bank of Central Ohio can be contacted at info@fbcentralohio.com or by phone at (614) 992-6700. Confirm current contact methods directly with the bank.

Based on its approved SBA loans, First Bank of Central Ohio most often finances businesses in construction & contractors, medical practices & clinics, transportation & trucking, and wholesale & distribution. This reflects First Bank of Central Ohio's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with First Bank of Central Ohio which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether First Bank of Central Ohio participates in SBA Express depends on its specific SBA lending authority. Contact First Bank of Central Ohio and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. First Bank of Central Ohio can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. First Bank of Central Ohio's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First Bank of Central Ohio directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask First Bank of Central Ohio what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask First Bank of Central Ohio to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with First Bank of Central Ohio to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. First Bank of Central Ohio weighs this case by case under its own policy, so be upfront about your history and ask First Bank of Central Ohio how it evaluates prior bankruptcies.