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First Commonwealth Bank

First Commonwealth Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or operational needs. With a focus on personalized service, the bank provides various SBA loan programs including the 7(a) and 504 options, helping entrepreneurs access funding with favorable terms. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Whether you’re a startup or an established business, they aim to meet your unique financing needs with flexible solutions and local expertise. The bank’s commitment to supporting small businesses is reflected in their dedicated lending staff and streamlined procedures designed to facilitate quick approvals and competitive rates. Located in Indiana, PA, at 654 Philadelphia St, they serve a broad range of industries, primarily focusing on service and retail sectors. Their loan offerings are suitable for businesses looking for amounts up to $200,000, with a strong emphasis on building long-term client relationships and fostering economic growth in the region.

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Lender Type

Commercial Bank

Google Rating

4.8

Google Review Count

438

Question 1

What is this place and what can I find here?

Answer 1

This is a bank that provides SBA loan programs to small businesses, offering personalized financing solutions to support growth and operational needs. You can find assistance with loan applications, guidance on eligibility, and access to funding options tailored to your business goals.

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 visits are also accommodated depending on availability. Contact the branch ahead of time to confirm the best way to meet your needs.

Question 3

What are the hours of operation?

Answer 3

The branch typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to call ahead to confirm hours or schedule an appointment outside regular hours if needed.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting the branch or speaking with a loan officer. However, loan applications and processing may involve certain fees 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 small business owners in the Indiana, PA area. Eligibility for certain programs may depend on residency or business location within the region.

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, though 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 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.

First Commonwealth Bank

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