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First Neighborhood Bank

First Neighborhood Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides various loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment purchases, and expansion projects. Their experienced team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located in Spencer, West Virginia, the bank is committed to fostering economic development within the community and beyond. They serve a diverse range of industries, with particular strength in sectors like agriculture, retail, and services. Whether you’re a startup or an established business, First Neighborhood Bank is dedicated to helping you access the capital necessary to achieve your business goals. Their knowledgeable staff can assist with loan structuring, repayment options, and understanding eligibility criteria, making them a reliable partner for your financial needs.

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Lender Type

Commercial Bank

Google Rating

3.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused bank offering SBA-backed loans and financial services tailored for small businesses. You can find assistance with loan applications, financial planning, and community development programs to support your business growth.

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 consultations may also be available during business hours depending on staff availability.

Question 3

What are the hours of operation?

Answer 3

The bank"s typical hours are Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to call ahead to confirm or schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for basic inquiries or consultations, but loan processing and application fees may apply depending on the specific financing arrangement.

Question 5

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

Answer 5

This bank primarily serves small business owners in the local community and surrounding regions, but they also support clients nationwide through SBA programs.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 620 is generally preferred, though other factors such as business performance and collateral are also considered.

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 loan and completeness of the application.

First Neighborhood Bank

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