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Panhandle First Bank

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans tailored to meet diverse funding needs. Whether you’re looking to expand your operations, purchase equipment, or improve cash flow, they offer flexible financing options with competitive terms. Their team of experienced lenders is committed to guiding you through the application process, ensuring a smooth experience from start to finish. With a focus on supporting local businesses, they understand the unique challenges faced by entrepreneurs and are dedicated to helping you succeed. The bank’s SBA programs include the 7(a) loan, which is ideal for various business purposes, and they have a track record of approving substantial loan amounts, up to over $1 million. Their services are accessible to small businesses across the region, with an emphasis on personalized customer service and quick turnaround times.

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Lender Type

Commercial Bank

Google Rating

4.4

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a commercial bank that offers SBA loan programs and small business financing options. You can find assistance with SBA 7(a) loans, business expansion funding, and other financial services tailored to small businesses in the region.

Question 2

Do I need an appointment or can I walk in?

Answer 2

It"s recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours. Contact the bank ahead of time to ensure dedicated assistance.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays, so it"s best to call ahead or check their website for current hours.

Question 4

Is there a fee to use this?

Answer 4

There are no fees to visit the bank for general inquiries, but loan applications and services may involve fees such as application or guarantee fees, which will be disclosed during the process.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves small business owners and entrepreneurs within the region, but eligibility for SBA loans is based on business criteria rather than residency alone.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

While specific requirements can vary, a minimum personal credit score of around 650 is generally preferred for SBA loan guarantors, but other factors are also considered.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

Typically, the underwriting process takes approximately 30 to 45 days, depending on the completeness of your application and the complexity of the loan.

Panhandle First Bank

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