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Friend Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan options. They provide tailored financing solutions to help startups and established companies grow and succeed, including SBA 7(a) loans, which are ideal for working capital, equipment, or expansion needs. The bank has a strong record of approving loans up to $157,900, demonstrating their commitment to supporting local businesses. Their experienced team guides borrowers through the application process, ensuring clarity and efficiency. Located in SLOCOMB, AL, they serve a broad range of industries, with particular strength in manufacturing sectors. Whether you’re seeking funding for a new venture or expanding an existing operation, this bank offers flexible terms and personalized service to meet your business goals.

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Lender Type

Commercial Bank

Google Rating

4.8

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, helping them secure funding for growth and operations.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It is recommended to schedule an appointment to ensure dedicated service, 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 8:00 AM to 5:00 PM, with extended hours by appointment.

Question 4

Is there a fee to use this?

Answer 4

There are fees associated with loan processing and service charges, which vary depending on the loan type and amount.

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 region, but eligibility depends on meeting loan criteria.

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 to qualify for SBA loans.

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 documentation and loan complexity.

Friend Bank

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