Community First Bank of Indiana
Community First Bank of Indiana is an active SBA lender in Indiana, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 24 Google reviews.
About Community First Bank of Indiana
Community First Bank of Indiana offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on serving local entrepreneurs, the bank provides various loan options including SBA 7(a) loans designed to fund a wide range of business needs such as working capital, equipment purchases, and real estate acquisitions. The bank prides itself on personalized service, guiding clients through the application process and offering competitive terms to help small businesses succeed. Whether you're starting a new venture or expanding an existing business, Community First Bank of Indiana is committed to supporting your goals with flexible financing solutions and expert advice.
Industries Community First Bank of Indiana finances
Business types Community First Bank of Indiana actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Community First Bank of Indiana
What is this place and what can I find here?
This is a community-focused bank offering SBA loan programs and personalized financial services to support small business growth in Indiana.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to meet with a lending specialist, but walk-in consultations may also be available during business hours.
What are the hours of operation?
Community First Bank of Indiana's lobbies operate Monday through Friday, 9:00 AM to 5:00 PM. Drive-up hours vary by location but generally extend to 5:30 PM on weekdays. Confirm specific hours for your branch location at cfbindiana.com/locations.
Is there a fee to use this?
There are fees associated with loan processing and closing, which vary depending on the loan terms and size.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small businesses within Indiana, focusing on local community support.
What minimum personal credit score does this bank look for in a guarantor?
A minimum credit score of 640 is generally preferred, though other factors such as business performance are also considered.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of application materials.
Is this open on weekends?
Some Community First Bank of Indiana branches ARE open Saturdays 9:00 AM to 12:00 PM (Kokomo Dixon Road and Westfield Oak Ridge). Most other locations are closed weekends. Confirm your branch's weekend hours at cfbindiana.com/locations.
How do I get there and where do I park?
Community First Bank of Indiana 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.
Who owns or operates this listing?
This page is an independent directory listing for Community First Bank of Indiana, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Community First Bank of Indiana itself, which runs its own lending under its own ownership. If you work at Community First Bank of Indiana, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Community First Bank of Indiana — 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 Community First Bank of Indiana before applying. If you represent Community First Bank of Indiana, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Community First Bank of Indiana by phone at (765) 236-0600, submit a message via their online contact form at cfbindiana.com/contact/, or use live chat during business hours. For SBA loans, ask for their business lending department.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Community First Bank of Indiana most often finances businesses in restaurants & food service, manufacturing, fitness & recreation, real estate & property management, general retail, and medical practices & clinics. This reflects Community First Bank of Indiana'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 Community First Bank of Indiana which sectors 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 Community First Bank of Indiana participates in SBA Express depends on its specific SBA lending authority. Contact Community First Bank of Indiana 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?
Community First Bank of Indiana holds SBA Preferred Lender Program (PLP) status, allowing them to approve SBA loans in-house without SBA review, typically resulting in faster loan decisions. Confirm current PLP status with the bank directly.
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. Community First Bank of Indiana's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Community First Bank of Indiana 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 Community First Bank of Indiana 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 Community First Bank of Indiana 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 Community First Bank of Indiana 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. Community First Bank of Indiana weighs this case by case under its own policy, so be upfront about your history and ask Community First Bank of Indiana how it evaluates prior bankruptcies.
