To qualify for a loan at First Convenience Bank, applicants must be current customers or reside within the bank’s geographic area and pass a credit check, explains First Community Bancshares, Inc. Secured loans require borrowers to provide collateral as well.
In addition to secured cash loans, the bank offers a variety of secured and unsecured loans, according to First Community Bancshares, Inc. Smart Cash loans provide cash in amounts from $200 to $1,000, as of 2015. Fresh Start loans allow borrowers to make monthly payments on account overdrafts of $300 or more. The bank also offers general unsecured loans and financing for automobiles, boats, motorcycles and recreational vehicles.