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The First State Bank

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Description

The First State Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or operational needs. With a focus on serving local entrepreneurs, this bank provides access to various SBA loan programs, including the popular 7(a) program, which is ideal for working capital, expansion, and acquisition financing. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank supports loans up to $2,400,000, making it suitable for a wide range of business sizes and industries. Located in Boise City, Oklahoma, they are committed to fostering local economic development and providing personalized financial solutions. Whether you’re a startup or an established business, The First State Bank is dedicated to helping you achieve your business goals with flexible terms and competitive rates.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank that offers SBA loan programs designed to help small businesses grow and succeed. You can find personalized financial solutions, including SBA 7(a) loans, tailored to your business needs.
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 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, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; loan fees and interest rates vary based on the specific loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local small businesses and residents in the Boise City area, but eligibility depends on meeting SBA and bank 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 through this bank.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of application materials.
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