Go Back
Report Abuse

First Bank & Trust

photo-995.jpg
photo-995.jpg

Description

First Bank & Trust offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they provide SBA 7(a) loans, which are ideal for a variety of purposes including working capital, equipment purchase, and real estate acquisition. Their experienced team guides clients through the application process to ensure a smooth experience, leveraging their strong local presence in Brookings, SD. The bank supports businesses across diverse industries, emphasizing flexible financing options and competitive rates. Whether you’re a startup or an established enterprise, First Bank & Trust is committed to helping you achieve your business goals with tailored lending solutions and expert advice. Their commitment extends to fostering long-term relationships, ensuring clients receive ongoing support even after loan approval. This bank is well-versed in SBA programs and offers a range of financial products designed to meet the unique needs of their community and beyond.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
3.3
Google Review Count
34
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank offering SBA loan programs, including 7(a) loans, to support small and medium-sized businesses with financing solutions tailored to their needs.
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 from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; fees are associated with loan processing and closing, which vary based on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in the Brookings area, but also supports regional clients seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of application documents and loan complexity.
Scroll to Top