First Harrison Bank

This is a commercial bank offering SBA loan programs and small business financing solutions designed to help entrepreneurs grow and succeed. You can find personalized lending services, expert guidance, and access to various SBA loan options tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-in consultations may also be available during business hours.

First Harrison Bank's Corydon location operates Monday–Thursday 9:00 AM to 4:00 PM (lobby) and 8:00 AM to 5:00 PM (drive-thru), Friday 9:00 AM to 5:30 PM (both), and Saturday 9:00 AM to Noon. Confirm with the bank.

There are no fees to inquire about or apply for SBA loans, though standard loan closing costs and fees may apply depending on the loan terms.

This bank primarily serves small business owners and entrepreneurs within its geographic region, but eligibility depends on meeting SBA and lending criteria.

A minimum personal credit score of 620 is generally required to qualify for SBA loans, though higher scores improve approval chances.

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

First Harrison Bank's Corydon location is open Saturday from 9:00 AM to Noon (lobby and drive-thru), but closed Sunday. Confirm with the bank.

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

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

You can reach First Harrison Bank by phone at (812) 738-2198 or online at firstharrison.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 First Harrison Bank before relying on them.

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