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First Western Bank & Trust

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Description

First Western Bank & Trust offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides various loan options including SBA 7(a) loans, which are ideal for working capital, equipment purchase, or real estate acquisition. The institution is committed to helping local entrepreneurs succeed by offering flexible terms and competitive rates. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Minot, North Dakota, they serve a broad range of industries, emphasizing community development and small business prosperity. Whether you’re a startup or an established business, First Western Bank & Trust is dedicated to providing financial solutions that meet your unique needs and support your long-term goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.5
Google Review Count
14
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA lending services and personalized financial solutions for small businesses in the Minot area. You can find support for various funding needs, including loans for expansion, equipment, and real estate.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome depending on availability. Contact the branch ahead of time for the best experience.
Question 3
What are the hours of operation?
Answer 3
The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it"s best to call ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank. Loan application fees and closing costs 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 residents and small business owners within the community, but non-residents may also be eligible depending on the loan program and qualifications.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, though higher scores improve the chances of approval and favorable terms.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and the complexity of the loan.
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