First Horizon Bank
Description
First Horizon 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 SBA 7(a) program, they provide flexible loan options that can be used for working capital, equipment purchase, real estate, and more. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. Located in Memphis, Tennessee, the bank leverages its regional expertise to serve a diverse range of industries, emphasizing personalized service and financial solutions that align with each business’s unique goals.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
379
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs designed to help small and medium-sized businesses access capital for growth and operations. You can find information about loan options, application processes, and support services tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, but walk-in consultations may be available during business hours. Contact the branch in advance for specific guidance.
Question 3
What are the hours of operation?
Answer 3
Typically, the branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary, so it"s best to confirm with the branch directly.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing general information; however, specific loan processing or application fees may apply during the lending process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to eligible businesses across the nation that meet the SBA program requirements, regardless of residency or membership status.
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 improve approval chances.
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 complexity of the application and completeness of documentation.