The First National Bank of Bemidji
The First National Bank of Bemidji is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 3.9 stars across 38 Google reviews.
$7M
in SBA approvals since 2010
8
SBA loans funded
Hotels & Lodging · Construction & Contractors · Automotive Repair & Services
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The First National Bank of Bemidji
The First National Bank of Bemidji offers comprehensive SBA lending solutions tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, this bank provides various loan programs, including the SBA 7(a) loan, to help fund business expansion, equipment purchases, and working capital needs. Their experienced lending team guides clients through the application process, ensuring a smooth experience from start to finish. The bank specializes in serving the Bemidji community and surrounding areas, leveraging their local market knowledge to assist businesses in achieving their goals. Whether you're a startup or an established enterprise, they offer flexible financing options designed to meet diverse business needs. The bank's commitment to small business growth is reflected in their personalized service and dedication to fostering economic development in the region. They also provide resources and advice to help entrepreneurs navigate the complexities of SBA loans, ensuring clients are well-informed and confident in their financing decisions.
Common questions about The First National Bank of Bemidji
What is this place and what can I find here?
This is a local bank offering SBA loan programs and financial services tailored for small businesses in the Bemidji area.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours.
What are the hours of operation?
The First National Bank of Bemidji is open Monday through Friday from 8:30 AM to 5:00 PM, with phones and drive-up until 6:00 PM, and Saturdays from 8:30 AM to 12:00 PM. Confirm current hours directly with the bank.
Is there a fee to use this?
There are no fees for simply visiting or consulting; fees may apply for specific banking services or loan processing.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners in the Bemidji region, but open banking services are available to all qualified applicants.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 640 is preferred, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
The First National Bank of Bemidji is open Saturdays from 8:30 AM to 12:00 PM but closed Sundays. Confirm weekend SBA lending staff availability directly.
How do I get there and where do I park?
The First National Bank of Bemidji is located in Minnesota — 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 The First National Bank of Bemidji, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The First National Bank of Bemidji itself, which runs its own lending under its own ownership. If you work at The First National Bank of Bemidji, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The First National Bank of Bemidji — 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 The First National Bank of Bemidji before applying. If you represent The First National Bank of Bemidji, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The First National Bank of Bemidji by phone at (218) 751-2430, online at fnbbemidji.com, or via their secure contact form at https://www.fnbbemidji.com/contact/ — confirm for business lending inquiries.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, The First National Bank of Bemidji 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 The First National Bank of Bemidji directly which industries 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 The First National Bank of Bemidji participates in SBA Express depends on its specific SBA lending authority. Contact The First National Bank of Bemidji 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?
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. The First National Bank of Bemidji can confirm its current PLP standing — ask before you apply if speed matters to you.
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. The First National Bank of Bemidji's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The First National Bank of Bemidji 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 The First National Bank of Bemidji 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 The First National Bank of Bemidji 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 The First National Bank of Bemidji 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. The First National Bank of Bemidji weighs this case by case under its own policy, so be upfront about your history and ask The First National Bank of Bemidji how it evaluates prior bankruptcies.
