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First State Bank & Trust

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Description

First State Bank & Trust 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 small business financing, the bank provides SBA 7(a) loans, which are ideal for a variety of purposes including working capital, equipment purchase, and real estate acquisition. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank is committed to supporting local businesses in Williston and the surrounding areas, leveraging their strong community ties and financial expertise. They have a proven track record of approving substantial loan amounts, with the largest recorded approval reaching $936,000, demonstrating their capacity to fund significant projects. Whether you’re a startup or an established enterprise, First State Bank & Trust is dedicated to helping you access the capital needed to succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
2.8
Google Review Count
11
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and financial services tailored to small and medium-sized businesses, helping them access capital for growth and operational 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 loan officer, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary on holidays or special occasions.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or inquire; however, loan processing and application fees may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in the Williston area, but they also offer services to out-of-area clients who meet their lending criteria.
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 required, though other factors are also considered in the approval process.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.
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