Fairfax State Savings Bank

This is a community-focused bank offering SBA loan programs and financial services tailored to small businesses in the Fairfax area. You can find assistance with business loans, financing options, and personalized banking support to help your business grow.

It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.

The bank is typically open Monday through Friday from 9:00 AM to 5:00 PM, but it's best to contact them directly for specific hours or to schedule an appointment.

There are no fees for simply visiting or consulting; however, loan products and banking services may have associated fees or interest charges based on the specific product.

This bank primarily serves residents and small business owners within the region, but eligibility for specific loan programs depends on meeting certain criteria.

A minimum personal credit score of around 640 is generally required, though higher scores improve approval chances.

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

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

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

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

You can reach Fairfax State Savings Bank by phone at (319) 846-2300 or online at thebankhere.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 Fairfax State Savings Bank before relying on them.

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