Citizens First Bank

This is Citizens First Bank, where you can find SBA loan options and personalized support for small business financing in Clinton, IA.

It's recommended to schedule an appointment, but walk-ins are also welcome during business hours for consultations.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM.

There are standard fees associated with SBA loans, which vary depending on the loan amount and terms.

This service is primarily available to small businesses in the Clinton area and surrounding regions.

A minimum personal credit score of 620 is generally required.

The underwriting process typically takes between 30 to 60 days, depending on the completeness of your application and documentation.

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

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

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

You can reach Citizens First Bank by phone at (563) 243-6000 or online at gocfb.bank — 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 Citizens First Bank before relying on them.

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