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First Bank

First Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financing solutions. With a focus on supporting local entrepreneurs, this bank provides various loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment, and expansion needs. Their team is dedicated to guiding clients through the application process, ensuring a smooth experience from start to finish. Located in Southern Pines, NC, First Bank leverages its community presence to foster economic growth and business development. They serve a diverse range of industries, with a particular strength in transportation and logistics, given their NAICS code 484121. Whether you’re a startup or an established business, First Bank aims to provide flexible financing options to meet your unique needs. Their experienced staff understands the nuances of SBA loans and works closely with clients to secure funding efficiently. The bank’s commitment to personalized service makes them a trusted partner for small business owners in the region and beyond.

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Lender Type

Commercial Bank

Google Rating

4.6

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that offers SBA loan programs designed to help small businesses secure funding for growth, equipment, and operations. They provide personalized support and guidance throughout the loan process to ensure your business needs are met efficiently.

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-in consultations may be available during business hours depending on staff availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment. It"s best to contact ahead to confirm availability.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to visit the bank; however, loan application and processing fees may apply depending on the specific financing arrangement.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves local residents and businesses within the region, but they also support clients from broader areas seeking SBA financing solutions.

Question 6

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

Answer 6

Typically, a minimum personal credit score of 640 is preferred, but this can vary based on the overall financial profile and loan specifics.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.

First Bank

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