Go Back
Report Abuse

First Federal Bank & Trust

photo-982.jpg
photo-982.jpg

Description

First Federal Bank & Trust offers comprehensive SBA loan services tailored to small businesses seeking financial support for growth, working capital, or acquisition needs. They provide flexible financing options under the SBA 7(a) program, which is ideal for a wide range of business purposes. With a focus on personalized service, they assist clients through the entire loan process, from application to funding, ensuring a smooth experience. Their team understands the local market dynamics and offers guidance on eligibility, documentation, and repayment options. Whether you’re a startup or an established business, they aim to provide solutions that align with your financial goals. The bank’s expertise extends to supporting various industries, with a strong emphasis on customer satisfaction and community development. They are committed to helping small businesses thrive by leveraging SBA programs to access competitive rates and favorable terms. Located at 46 W Brundage St in Sheridan, they are accessible to local entrepreneurs and businesses across the region. Their SBA program history includes successful approvals under the 7(a) loan program, with approval amounts reaching up to $150,000. Their team is dedicated to fostering business growth and economic development within their community.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
13
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 access financing for growth and development. You can find information on loan options, application processes, and support services tailored to your business needs. They focus on providing personalized assistance to ensure your business secures the funding it requires.
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 specialist, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank 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.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations, but loan processing and application fees may apply depending on the specific financing arrangement. Details are provided during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and businesses within the Sheridan area and surrounding regions. Eligibility for SBA loans depends on meeting specific criteria and business qualifications.
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 final decisions depend on overall creditworthiness and financial standing.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the completeness of documentation and loan complexity.
Scroll to Top