American Federal Bank

This is a financial institution offering SBA loan programs designed to support small and medium-sized businesses with funding solutions tailored to their growth needs. You can find assistance with SBA 7(a) loans, guidance throughout the application process, and personalized financial services to help your business succeed.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be accommodated depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.

American Federal Bank's Fargo South location is open 9 am to 5 pm Monday through Friday. Drive-up service extends from 7:30 am to 6 pm Monday through Friday, and 9 am to noon on Saturday; confirm directly for your needs.

There are no fees for initial consultations; however, standard SBA loan application and guarantee fees may apply depending on the loan terms. These fees are disclosed during the application process.

This bank primarily serves local businesses and residents within its regional area, but SBA loan programs are available to qualifying businesses nationwide, provided they meet the eligibility criteria.

A minimum personal credit score of around 640 is generally preferred, though higher scores can improve loan terms and approval chances depending on the overall application profile.

The typical underwriting process can take approximately 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation.

American Federal Bank's Fargo South location is closed on Sundays but offers drive-up service from 9 am to noon on Saturdays; confirm current weekend hours directly.

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

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

You can reach American Federal Bank by phone at (701) 235-9906 or online at americanfederalbank.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 American Federal Bank before relying on them.

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