First Bank of the Lake

This is a local bank offering SBA loan programs and personalized financial services to support small business growth and development.

It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.

There are no fees to visit the branch; however, loan applications and banking services may have associated fees as outlined in the service agreements.

This bank serves the local community and small businesses in the region, but non-residents may also access certain services with proper documentation.

A minimum personal credit score of 650 is generally preferred, though higher scores improve approval chances.

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

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

First Bank of the Lake is located in Missouri — 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 of the Lake, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First Bank of the Lake itself, which runs its own lending under its own ownership. If you work at First Bank of the Lake, you can claim this listing from this page to manage it.

The core details for First Bank of the Lake — 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 of the Lake before applying. If you represent First Bank of the Lake, claim this listing to keep its information up to date.

You can reach First Bank of the Lake by phone at (573) 348-2265 or online at fblake.bank — 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 of the Lake before relying on them.

Based on its approved SBA loans, First Bank of the Lake most often finances businesses in construction & contractors, restaurants & food service, fitness & recreation, medical practices & clinics, cleaning, landscaping & janitorial, and manufacturing. This reflects First Bank of the Lake'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 of the Lake 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 of the Lake participates in SBA Express depends on its specific SBA lending authority. Contact First Bank of the Lake 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 of the Lake can confirm its current PLP standing — ask before you apply if speed matters to you.

First Bank of the Lake offers Startup Business Loans, indicating they finance startup companies — confirm current eligibility requirements and operating history needs directly with the bank.

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