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First Business Bank

First Business Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, acquisitions, or working capital. With a focus on personalized service, the bank provides various SBA loan options, including the popular 7(a) program, to meet diverse business needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Madison, WI, the bank is committed to supporting local businesses with flexible financing solutions. They serve a broad range of industries, emphasizing their adaptability and expertise in SBA lending. Whether you’re a startup or an established enterprise, First Business Bank aims to facilitate your business ambitions with competitive terms and dedicated support. Their strong local presence combined with national lending capabilities makes them a reliable partner for your business growth plans.

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Lender Type

Commercial Bank

Google Rating

3.6

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Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution that offers SBA loan programs designed to help small businesses secure funding for growth and operations. You can find information on loan options, application procedures, and support services tailored to your business needs.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It’s best to confirm hours directly with the branch before visiting.

Question 4

Is there a fee to use this?

Answer 4

There may be application fees and closing costs associated with SBA loans. These fees vary depending on the loan amount and type, but transparency is maintained throughout the process.

Question 5

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

Answer 5

This lender primarily serves small business owners and entrepreneurs, with services available to clients nationwide. Residency is not a strict requirement, but business eligibility criteria apply.

Question 6

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

Answer 6

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

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 documentation and loan complexity.

First Business Bank

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