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First Mid Bank & Trust, National Association

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Description

First Mid Bank & Trust, National Association offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the Illinois region, this institution provides a range of loan options including SBA 7(a) loans, which are ideal for working capital, equipment, and expansion projects. Their experienced team guides clients through the application process, ensuring clarity and support at every step. The bank’s expertise in SBA loans helps businesses secure funding up to $599,000, making it a reliable partner for entrepreneurs looking to scale their operations. Located in Mattoon, IL, they serve a broad spectrum of industries, emphasizing personalized service and financial solutions that meet diverse business needs. Whether you’re starting a new venture or expanding an existing one, First Mid Bank & Trust is equipped to assist with your financing goals, leveraging their deep understanding of SBA programs and local market conditions.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.1
Google Review Count
28
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan options and small business financing solutions, helping entrepreneurs secure funding for growth and expansion.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9 AM to 5 PM, Monday through Friday, with extended hours by appointment upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting the bank; however, loan processing and application fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in Illinois, but some services may be available to out-of-state clients upon approval.
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 preferred for loan approval.
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 completeness of the application and documentation provided.
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