One American Bank

This is a local SBA lender providing small business loans, primarily through the SBA 7(a) program, to support regional entrepreneurs with financing options and personalized service.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.

One American Bank's standard business hours are Monday through Friday, 9:00 AM to 5:00 PM. Please confirm with the bank regarding the exact hours for your specific location.

There are no fees to visit or inquire; however, loan processing and application fees may apply depending on the loan terms.

This service is open to small business owners in the region seeking SBA financing, regardless of membership status.

A minimum personal credit score of 640 is typically required for SBA loan applicants, though higher scores improve approval chances.

The underwriting process generally takes between 30 to 45 days, depending on the completeness of the application and documentation provided.

One American Bank is closed on weekends and operates Monday through Friday only. Please confirm with the bank if any locations observe Saturday or holiday hours.

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

The core details for One American Bank — 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 One American Bank before applying. If you represent One American Bank, claim this listing to keep its information up to date.

You can reach One American Bank by phone at (605) 563-2207 or online at oneamericanbank.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 One American Bank before relying on them.

Based on its approved SBA loans, One American Bank most often finances businesses in manufacturing. This reflects One American Bank'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 One American Bank 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 One American Bank participates in SBA Express depends on its specific SBA lending authority. Contact One American Bank 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. One American Bank 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. One American Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask One American Bank 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 One American Bank 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 One American Bank 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 One American Bank 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. One American Bank weighs this case by case under its own policy, so be upfront about your history and ask One American Bank how it evaluates prior bankruptcies.