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First Bank Richmond

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Description

First Bank Richmond offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or working capital. With a focus on the needs of local entrepreneurs, the bank provides a range of SBA loan options, including the popular 7(a) program, to help businesses access funding with flexible terms and competitive rates. Their team of experienced lenders works closely with clients to understand their unique financial situations and craft solutions that align with their goals. Whether you’re a startup or an established business, First Bank Richmond aims to facilitate your success by providing personalized service and expert guidance throughout the loan process. The bank also supports various industries, with particular strength in sectors like manufacturing and retail, ensuring tailored solutions for diverse business needs. Located at 20 N 9th St in Richmond, Indiana, they serve the local community with a commitment to fostering economic growth and small business development.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA loan programs and business financing solutions designed to support small businesses in the local community and beyond.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with a lender, 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 9:00 AM to 5:00 PM, Monday through Friday, but it"s best to call ahead for specific hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only if you proceed with a loan or financial service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank serves small business owners and entrepreneurs in the region, primarily supporting local residents and businesses.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of approximately 640 is generally required, though this may vary based on the loan specifics.
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 complexity of the loan and completeness of documentation.
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