Security Federal Savings Bank

This is a community-focused bank offering SBA loan programs designed to support small businesses with financing solutions tailored to their needs. You can find assistance with loan applications, guidance on SBA programs, and personalized banking services to help your business grow.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit and prepare necessary documentation.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM. Hours may vary on holidays or special occasions, so it's best to contact the branch directly for confirmation.

There are no fees for simply visiting or consulting with the bank; however, loan processing and application fees may apply depending on the specific financing arrangement. These fees are disclosed upfront during the application process.

This bank primarily serves local residents and small business owners within the community. While they focus on regional clients, they may consider applications from qualified borrowers outside the immediate area on a case-by-case basis.

Typically, a minimum personal credit score of 640 or higher is preferred for guarantors, though stronger credit profiles improve approval chances.

The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of documentation and the complexity of the loan application.

Most banks keep weekday business hours and are closed on weekends, and Security Federal Savings Bank 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 Security Federal Savings Bank to confirm current weekend availability before you go.

Security Federal Savings Bank 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.

This page is an independent directory listing for Security Federal Savings Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Security Federal Savings Bank itself, which runs its own lending under its own ownership. If you work at Security Federal Savings Bank, you can claim this listing from this page to manage it.

The core details for Security Federal Savings 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 Security Federal Savings Bank before applying. If you represent Security Federal Savings Bank, claim this listing to keep its information up to date.

You can reach Security Federal Savings Bank by phone at (574) 722-6261 or online at secfedbank.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 Security Federal Savings Bank before relying on them.

Like most SBA lenders, Security Federal Savings Bank 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 Security Federal Savings Bank directly which industries 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 Security Federal Savings Bank participates in SBA Express depends on its specific SBA lending authority. Contact Security Federal Savings 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. Security Federal Savings Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

Security Federal Savings Bank explicitly states that new and established businesses can apply for SBA loans, confirming startup eligibility.

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 Security Federal Savings 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 Security Federal Savings 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 Security Federal Savings 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. Security Federal Savings Bank weighs this case by case under its own policy, so be upfront about your history and ask Security Federal Savings Bank how it evaluates prior bankruptcies.