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First Western Bank

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Description

First Western Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on SBA programs, the bank provides flexible loan options that cater to various industry needs, including real estate, equipment, and working capital. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Booneville, Arkansas, they serve local businesses with personalized service and competitive terms. The bank’s primary NAICS code, 238160, indicates a specialization in construction-related industries, making them a strong partner for contractors and builders. With a maximum recorded approval amount of $180,000, they facilitate funding for small-scale projects and expansions. Their SBA program history highlights their commitment to SBA 7(a) loans, helping entrepreneurs access capital efficiently and effectively. Whether you’re a startup or an established business, First Western Bank aims to foster growth through tailored financial solutions and dedicated customer service.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
7
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 Booneville area.
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 lending specialist, 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 8:30 AM to 5:00 PM, with special hours on certain holidays.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting or consulting; however, loan processing and application fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small business owners within the Booneville region, but qualified applicants from outside the area may also apply.
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, but stronger scores can improve the likelihood of approval.
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 completeness of the application and supporting documents.
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