Go Back
Report Abuse

First Dakota National Bank

photo-1292.jpg
photo-1292.jpg

Description

First Dakota National Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on the local community, the bank provides expertise in SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. The bank’s experienced lending team guides clients through the application process, ensuring clarity and efficiency from start to finish. Their loan offerings are supported by a strong understanding of the local market and industry-specific needs, making them a reliable partner for small business owners. Whether you’re starting a new venture or expanding an existing one, First Dakota National Bank can help you access the capital you need to succeed. The bank also offers personalized service and flexible terms to accommodate different business scenarios, emphasizing a customer-first approach. Located in Yankton, South Dakota, they serve the local business community with a commitment to fostering economic growth and sustainability.

Location

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
3.4
Google Review Count
7
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs designed to help small businesses access capital for growth and operational needs. You can find personalized lending services, expert guidance, and flexible financing options tailored to your business goals.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a lender, but walk-in consultations may be available during business hours. Contact the branch in advance for the best experience.
Question 3
What are the hours of operation?
Answer 3
The branch operates from 9:00 AM to 5:00 PM, Monday through Friday. Hours may vary on holidays or special occasions, so it"s best to call ahead.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to inquire about or apply for SBA loans, but standard loan closing costs and fees may apply depending on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
The bank primarily serves local residents and small business owners in the Yankton area, but eligibility for SBA loans is based on business criteria rather than residency alone.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally preferred, though higher scores may improve loan terms and approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.
Scroll to Top