The First State Bank of Shelby
Description
The First State Bank of Shelby offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients through various SBA programs, including the popular 7(a) loan program. Their team is dedicated to understanding each business’s unique requirements and providing flexible financing options to help achieve their goals.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
3.9
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that provides SBA loan services and small business financing options. You can find personalized support and guidance for securing funding through various SBA programs tailored to your business needs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, 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 9:00 AM to 5:00 PM. It is advisable to call ahead for specific appointment times or special services.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the services used.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners in the Shelby area but welcomes qualified applicants from surrounding communities.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, but this can vary based on the specific loan and applicant profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process usually takes between 2 to 4 weeks, depending on the completeness of your application and documentation.