Southern Bank and Trust Company

This is a local bank offering SBA loan programs and small business financing solutions designed to help entrepreneurs grow and succeed. You can find personalized support, expert guidance, and competitive loan options tailored to your business needs.

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

Southern Bank and Trust Company's Mount Olive-Breazeale location operates Monday through Friday from 9:00 a.m. to 5:00 p.m. Please confirm current hours and any holiday closures with the branch at (919) 658-7100.

There are no fees for initial consultations; however, loan processing and closing may include standard fees and charges associated with SBA lending.

This bank primarily serves small business owners and entrepreneurs in North Carolina, with a focus on local residents and businesses within the region.

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 45 days, depending on the completeness of documentation and loan complexity.

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

Southern Bank and Trust Company is located in North Carolina — 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 Southern Bank and Trust Company, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Southern Bank and Trust Company itself, which runs its own lending under its own ownership. If you work at Southern Bank and Trust Company, you can claim this listing from this page to manage it.

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

You can reach Southern Bank and Trust Company by phone at (919) 658-7100, online at southernbank.com, or through their contact form at https://www.southernbank.com/about/contact/. Please confirm with the lender regarding SBA lending services.

Based on its approved SBA loans, Southern Bank and Trust Company most often finances businesses in construction & contractors, restaurants & food service, general retail, medical practices & clinics, automotive repair & services, and manufacturing. This reflects Southern Bank and Trust Company'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 Southern Bank and Trust Company 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 Southern Bank and Trust Company participates in SBA Express depends on its specific SBA lending authority. Contact Southern Bank and Trust Company 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. Southern Bank and Trust Company 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. Southern Bank and Trust Company's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Southern Bank and Trust Company 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 Southern Bank and Trust Company 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 Southern Bank and Trust Company 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 Southern Bank and Trust Company 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. Southern Bank and Trust Company weighs this case by case under its own policy, so be upfront about your history and ask Southern Bank and Trust Company how it evaluates prior bankruptcies.