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First State Bank

First State Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the local community, the bank provides various loan options, including SBA 7(a) loans, to help entrepreneurs access capital efficiently. Their team of experienced lenders guides clients through the application process, ensuring clarity and support at every step. The bank’s expertise in SBA programs allows it to serve a diverse range of industries, with particular strength in sectors like manufacturing and construction. Whether you are starting a new business or expanding an existing one, First State Bank is committed to providing personalized financial solutions to meet your unique needs. Their flexible lending criteria and dedicated customer service make them a reliable partner for small business owners in Waynesboro and beyond.

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Lender Type

Commercial Bank

Google Rating

4.7

Google Review Count

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 businesses, providing support for growth and expansion projects.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated time with a lender, but walk-ins may be accommodated depending on availability.

Question 3

What are the hours of operation?

Answer 3

Typically, the bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but it is best to contact them directly for specific hours.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for accessing basic information, but loan application processing and services may involve fees which will be disclosed upfront.

Question 5

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

Answer 5

This bank primarily serves local small business owners and residents in Waynesboro and the surrounding region.

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 required, 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.

First State Bank

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