The First State Bank of Shelby
The First State Bank of Shelby is an active SBA lender in Montana, a bank offering SBA-guaranteed small-business loans. Currently rated 3.9 stars across 7 Google reviews.
About The First State Bank of Shelby
The First State Bank of Shelby offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients through various SBA programs, including the popular 7(a) loan program. Their team is dedicated to understanding each business's unique requirements and providing flexible financing options to help achieve their goals.
Common questions about The First State Bank of Shelby
What is this place and what can I find here?
This is a local bank that provides SBA loan services and small business financing options. You can find personalized support and guidance for securing funding through various SBA programs tailored to your business needs.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
The First State Bank of Shelby's lobby hours are Monday-Thursday 9:30 AM to 3:00 PM and Friday 9:30 AM to 5:30 PM. Drive-through hours are 8:30 AM to 3:00 PM Monday-Thursday and 8:30 AM to 5:30 PM Friday. Confirm with the bank for current hours.
Is there a fee to use this?
There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners in the Shelby area but welcomes qualified applicants from surrounding communities.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 640 is preferred, but this can vary based on the specific loan and applicant profile.
How long does the traditional underwriting process take from start to close?
The underwriting process usually takes between 2 to 4 weeks, depending on the completeness of your application and documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and The First State Bank of Shelby 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 The First State Bank of Shelby to confirm current weekend availability before you go.
How do I get there and where do I park?
The First State Bank of Shelby is located in Montana — 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 The First State Bank of Shelby, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The First State Bank of Shelby itself, which runs its own lending under its own ownership. If you work at The First State Bank of Shelby, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The First State Bank of Shelby — 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 The First State Bank of Shelby before applying. If you represent The First State Bank of Shelby, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The First State Bank of Shelby by phone at (406) 434-5567 or online at fsbshelby.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 The First State Bank of Shelby before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The First State Bank of Shelby can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask The First State Bank of Shelby directly which industries 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 The First State Bank of Shelby participates in SBA Express depends on its specific SBA lending authority. Contact The First State Bank of Shelby 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?
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. The First State Bank of Shelby can confirm its current PLP standing — ask before you apply if speed matters to you.
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. The First State Bank of Shelby's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The First State Bank of Shelby 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 The First State Bank of Shelby 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 The First State Bank of Shelby 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 The First State Bank of Shelby 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. The First State Bank of Shelby weighs this case by case under its own policy, so be upfront about your history and ask The First State Bank of Shelby how it evaluates prior bankruptcies.
