First Bank and Trust Co

This is a bank that offers SBA loan programs and small business financing options tailored to your needs. You can find personalized support and guidance for securing funding to grow your business.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may also be accommodated depending on availability.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It's best to call ahead to confirm hours or schedule an appointment.

There are no fees for initial consultations; however, loan application and closing costs may apply depending on the financing arrangement.

This bank primarily serves local small businesses and residents within the Duncan area, but eligibility for SBA loans can extend beyond local residents based on the application criteria.

Typically, a personal credit score of 640 or higher is preferred for guarantors, though this can vary based on the overall financial profile.

The underwriting process generally takes between 30 to 60 days, depending on the completeness of the application and the complexity of the loan.

Most banks keep weekday business hours and are closed on weekends, and First Bank and Trust Co 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 First Bank and Trust Co to confirm current weekend availability before you go.

First Bank and Trust Co is located in Oklahoma — 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.

This page is an independent directory listing for First Bank and Trust Co, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First Bank and Trust Co itself, which runs its own lending under its own ownership. If you work at First Bank and Trust Co, you can claim this listing from this page to manage it.

The core details for First Bank and Trust Co — 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 First Bank and Trust Co before applying. If you represent First Bank and Trust Co, claim this listing to keep its information up to date.

You can reach First Bank and Trust Co by phone at (580) 255-1810 or online at fb247.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 First Bank and Trust Co before relying on them.

Based on its approved SBA loans, First Bank and Trust Co most often finances businesses in general retail, construction & contractors, and restaurants & food service. This reflects First Bank and Trust Co'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 First Bank and Trust Co which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether First Bank and Trust Co participates in SBA Express depends on its specific SBA lending authority. Contact First Bank and Trust Co and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. First Bank and Trust Co can confirm its current PLP standing — ask before you apply if speed matters to you.

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. First Bank and Trust Co's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First Bank and Trust Co directly whether it considers start-up loans.

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 First Bank and Trust Co what down payment it expects for your specific commercial real estate purchase.

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 First Bank and Trust Co to spell out any prepayment penalties before you sign.

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 First Bank and Trust Co to confirm it qualifies and how to document it.

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. First Bank and Trust Co weighs this case by case under its own policy, so be upfront about your history and ask First Bank and Trust Co how it evaluates prior bankruptcies.