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The First National Bank of Bastrop

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Description

The First National Bank of Bastrop offers comprehensive SBA lending services designed to support small businesses in securing financing for growth and operational needs. With a focus on the local community, this bank provides tailored loan programs including the SBA 7(a) loan program, which is ideal for a variety of business purposes such as working capital, equipment, or real estate. Customers can benefit from personalized service and expert guidance throughout the loan process, ensuring their business goals are met efficiently. The bank’s experienced lending team works closely with clients to understand their unique needs and craft suitable financing solutions. Whether you’re starting a new venture or expanding an existing business, this institution aims to facilitate your success with flexible terms and competitive rates. The bank’s commitment to supporting small businesses is reflected in its ability to approve loans up to $212,000, making it a reliable partner for local entrepreneurs. Conveniently located at 489 Hwy 71 W in Bastrop, TX, the bank is accessible for in-person consultations and offers a straightforward application process to help you achieve your business ambitions.

Location

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Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
61
Question 1
What is this place and what can I find here?
Answer 1
This is a trusted SBA lender offering small business loans, including the SBA 7(a) program, to help entrepreneurs secure funding for growth, equipment, or real estate needs. They provide personalized service and expert guidance throughout the loan process to ensure your business goals are met efficiently.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with a lending specialist, but walk-ins are also welcome during business hours. Calling ahead can ensure you receive dedicated time and preparation for your loan application.
Question 3
What are the hours of operation?
Answer 3
The bank"s hours are typically Monday through Friday from 9:00 AM to 5:00 PM, but it"s best to contact the branch directly for precise hours or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank; however, loan processing and guarantee fees may apply depending on your specific financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners in the Bastrop area and surrounding regions, but eligibility for loans depends on meeting the bank"s credit and financial criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of approximately 640 is generally recommended, though approval depends on the overall financial profile and business viability.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and the complexity of your financial situation.
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