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First Commercial Bank (USA)

First Commercial Bank 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 the 7(a) loan program, the bank provides flexible financing options up to $500,000, helping entrepreneurs access capital efficiently. Their experienced team guides clients through the application process, ensuring compliance with SBA requirements and maximizing approval chances. Located in Alhambra, California, the bank serves a diverse business community, supporting various industries including professional services, retail, and manufacturing. The bank emphasizes personalized service, quick turnaround times, and competitive rates to meet the unique needs of each borrower. Whether you’re a startup or an established business, First Commercial Bank aims to facilitate your success with tailored financial solutions and expert advice.

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Commercial Bank

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Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution offering SBA loan programs to support small and medium-sized businesses in the Alhambra area, including funding for expansion, equipment, and working capital.

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.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to visit or inquire; however, loan processing fees may apply depending on the loan terms.

Question 5

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

Answer 5

This service is open to small business owners in the region seeking SBA financing, regardless of residency, provided they meet eligibility criteria.

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, but 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 2 to 4 weeks, depending on the completeness of application and documentation.

First Commercial Bank (USA)

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