Farmers State Bank of Alto Pass, Illinois
Farmers State Bank of Alto Pass, Illinois is an active SBA lender in Illinois, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 7 Google reviews.
$213M
in SBA approvals since 2010
101
SBA loans funded
Hotels & Lodging · Veterinary Services · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Farmers State Bank of Alto Pass, Illinois
Farmers State Bank of Alto Pass offers comprehensive SBA loan services tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides various loan options, including the SBA 7(a) program, to help fund expansion, equipment purchases, and working capital needs. Located in Alto Pass, Illinois, the bank is committed to serving the community with personalized financial solutions. Their experienced lending team guides clients through the application process, ensuring clarity and support at every step. Whether you're starting a new venture or expanding an existing business, Farmers State Bank is dedicated to helping you achieve your goals with flexible lending options and competitive terms. The bank's strong regional presence makes it a trusted partner for small business owners in southern Illinois, emphasizing community development and economic growth.
Serves SBA borrowers in 4 states
Farmers State Bank of Alto Pass, Illinois has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Farmers State Bank of Alto Pass, Illinois finances
Business types Farmers State Bank of Alto Pass, Illinois actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Farmers State Bank of Alto Pass, Illinois
What is this place and what can I find here?
This is a local bank offering SBA loan programs and small business financing solutions designed to support entrepreneurs and business growth in the Alto Pass area. You can find personalized banking services, expert guidance on SBA applications, and flexible loan options tailored to your needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in visits are also welcome during business hours. Calling ahead can help you prepare and streamline your visit.
What are the hours of operation?
The bank typically operates from Monday to Friday, 9:00 AM to 4:00 PM, but hours may vary, so it's best to contact the branch directly for confirmation.
Is there a fee to use this?
There are no fees for visiting the bank, but loan applications and processing may involve fees such as guarantee fees or closing costs, which are disclosed during the loan process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners in the Alto Pass region, but they welcome inquiries from local entrepreneurs and regional businesses seeking SBA financing.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 640 is preferred, but the final decision depends on the overall financial profile and loan specifics.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the completeness of your application and the complexity of your loan request.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Farmers State Bank of Alto Pass, Illinois typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Farmers State Bank of Alto Pass, Illinois to confirm current weekend availability before you go.
How do I get there and where do I park?
Farmers State Bank of Alto Pass, Illinois is located in Illinois — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Farmers State Bank of Alto Pass, Illinois, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Farmers State Bank of Alto Pass, Illinois itself, which runs its own lending under its own ownership. If you work at Farmers State Bank of Alto Pass, Illinois, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Farmers State Bank of Alto Pass, Illinois — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Farmers State Bank of Alto Pass, Illinois before applying. If you represent Farmers State Bank of Alto Pass, Illinois, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Farmers State Bank of Alto Pass, Illinois by phone at (618) 893-2464 or online at myfsb.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Farmers State Bank of Alto Pass, Illinois before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Farmers State Bank of Alto Pass, Illinois most often finances businesses in hotels & lodging, restaurants & food service, veterinary services, and construction & contractors. This reflects Farmers State Bank of Alto Pass, Illinois's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Farmers State Bank of Alto Pass, Illinois which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Farmers State Bank of Alto Pass, Illinois participates in SBA Express depends on its specific SBA lending authority. Contact Farmers State Bank of Alto Pass, Illinois and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
Farmers State Bank of Alto Pass has SBA Preferred Lender status, which allows for a faster, streamlined loan process. Confirm with the bank for current details.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Farmers State Bank of Alto Pass, Illinois's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Farmers State Bank of Alto Pass, Illinois directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Farmers State Bank of Alto Pass, Illinois what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Farmers State Bank of Alto Pass, Illinois to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Farmers State Bank of Alto Pass, Illinois to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Farmers State Bank of Alto Pass, Illinois weighs this case by case under its own policy, so be upfront about your history and ask Farmers State Bank of Alto Pass, Illinois how it evaluates prior bankruptcies.
