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The First Bank and Trust Company

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Description

The First Bank and Trust Company offers comprehensive SBA lending solutions designed to support small businesses in their growth and development. With a focus on SBA 7(a) loans, this institution provides flexible financing options for various business needs, including working capital, equipment purchases, and expansion projects. Located in Lebanon, VA, the bank has a strong history of assisting local entrepreneurs and businesses in securing funding to achieve their goals. Their experienced lending team works closely with clients to tailor loan packages that meet specific financial requirements, ensuring a smooth application process. The bank’s commitment to community development and small business success makes it a reliable partner for entrepreneurs seeking SBA-backed financing. Whether you’re starting a new venture or expanding an existing business, The First Bank and Trust Company offers personalized service and competitive terms to help you succeed.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
25
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored for small businesses seeking growth capital and expansion support.
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 be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are application and closing fees associated with SBA loans, which will be disclosed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the Lebanon, VA area, but offers services to eligible small businesses nationwide through SBA programs.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of around 640 is generally preferred for loan consideration.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the completeness of the application and supporting documents.
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