First State Bank of Middlebury

This is a local bank that offers SBA loan programs, including the 7(a), to help small businesses access capital for growth, expansion, and operational needs, with personalized service and expert guidance.

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

The bank is typically open from 9:00 AM to 5:00 PM, Monday through Friday; please contact them directly for specific hours or after-hours appointments.

There are standard fees associated with SBA loans, including application and closing costs, which vary depending on the loan specifics.

This bank primarily serves small business owners within the regional community, but eligibility depends on meeting SBA and credit requirements.

A minimum personal credit score of 620 is generally required to qualify for SBA loans at this bank.

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

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

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

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

You can reach First State Bank of Middlebury by phone at (574) 825-2166 or online at bfirst.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 State Bank of Middlebury before relying on them.

Based on its approved SBA loans, First State Bank of Middlebury most often finances businesses in manufacturing, wholesale & distribution, and construction & contractors. This reflects First State Bank of Middlebury'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 State Bank of Middlebury 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 State Bank of Middlebury participates in SBA Express depends on its specific SBA lending authority. Contact First State Bank of Middlebury 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 State Bank of Middlebury 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 State Bank of Middlebury's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First State Bank of Middlebury 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 State Bank of Middlebury 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 State Bank of Middlebury 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 State Bank of Middlebury 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 State Bank of Middlebury weighs this case by case under its own policy, so be upfront about your history and ask First State Bank of Middlebury how it evaluates prior bankruptcies.