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First United Bank and Trust Company

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Description

First United Bank and Trust Company 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 the local Durant community, this bank provides personalized loan solutions, including SBA 7(a) loans, to help entrepreneurs access capital efficiently. Their team is dedicated to guiding clients through the application process, ensuring clarity and support at every step. They serve a variety of industries, emphasizing flexibility and community-oriented banking. Whether you’re looking to purchase equipment, refinance debt, or fund a new venture, this institution is equipped to assist with tailored financial products. Their expertise in SBA lending makes them a reliable partner for business owners aiming to leverage government-backed loans for strategic growth. The bank’s commitment to customer service and local economic development positions it as a trusted resource for small business financing in the Durant area.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
182
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and financial services designed to help small businesses grow and succeed in the Durant area.
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 from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are standard fees associated with SBA loans, including application and closing costs, 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 small business owners in the Durant area, but eligibility depends on meeting loan 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 preferred for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes around 30 to 60 days, depending on the complexity of the application.
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