The First Security Bank

This is a commercial bank that offers SBA lending services, including SBA 7(a) loans, to support small business growth and development in the Beaver, OK area. You can find personalized financing solutions, expert guidance, and quick approval processes tailored to your business needs.

It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, 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. It is advisable to contact the branch directly for specific appointment times or after-hours services.

There are no fees to visit or consult with the bank; however, loan application and closing costs may apply depending on the financing arrangement. These fees are disclosed upfront during the application process.

This bank primarily serves small business owners and entrepreneurs in the Beaver, OK region. While they focus on local clients, they may consider out-of-area applications based on the business profile and collateral.

A minimum personal credit score of around 650 is typically required, though higher scores improve approval chances. The bank evaluates overall creditworthiness and business viability in their decision-making.

The underwriting process generally takes approximately 2 to 4 weeks, depending on the complexity of the loan and completeness of submitted documentation. Prompt communication can help expedite approval.

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

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

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

You can reach The First Security Bank by phone at (580) 625-4500 or online at thefirstsecuritybank.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 The First Security Bank before relying on them.

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