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FMS Bank

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Description

FMS Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on providing accessible financing options, the bank specializes in SBA 7(a) loans, which are designed to help businesses secure funding with favorable terms and flexible repayment options. Their experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. Located in Fort Morgan, Colorado, the bank serves local businesses while also supporting a broader regional economic development effort. They have a strong track record of approving substantial loan amounts, with the largest recorded approval reaching $320,000, demonstrating their capacity to fund diverse business projects. Whether you’re looking to finance equipment, real estate, or working capital, FMS Bank is committed to helping entrepreneurs access the capital they need to succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.8
Google Review Count
85
Question 1
What is this place and what can I find here?
Answer 1
This is a bank offering SBA loan programs designed to help small and medium-sized businesses access financing for growth and operational needs. You can find information on loan options, application processes, and personalized support for your business funding goals.
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 lending specialist, but walk-in consultations may also be available 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 it"s best to call ahead for specific appointment times or after-hours arrangements.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to inquire about or apply for SBA loans, but certain processing and closing fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local businesses and residents in the Fort Morgan area, but they also support regional businesses seeking SBA financing.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 650 is generally preferred, but approval depends on the overall financial profile and business strength.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the application and completeness of submitted documentation.
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