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First State Bank of the Ozarks

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Description

First State Bank of the Ozarks offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on facilitating access to capital, the bank provides various SBA loan programs including the popular 7(a) loan program, which is ideal for a wide range of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank’s experienced lending 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. They serve businesses across various industries, emphasizing personalized service and flexible financing options to help entrepreneurs succeed. Whether you’re a startup or an established enterprise, First State Bank of the Ozarks aims to be a trusted partner in your growth journey. Their commitment to supporting local businesses is reflected in their tailored lending solutions and dedicated customer support.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
5
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and business financing solutions designed to help small and medium-sized businesses grow and succeed. You can find assistance with SBA 7(a) loans, guidance on application processes, and personalized support 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 time with a lending specialist, but walk-ins are also welcome during business hours. Calling ahead can help you prepare and streamline your visit.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM. It"s advisable to check with the branch for any variations or special hours on holidays.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services, but SBA loan applications involve standard processing and guarantee fees, which vary depending on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses within its regional area, but it welcomes inquiries from any eligible small business seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though other factors are also considered during the approval process.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of the application.
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