First Internet Bank of Indiana

This is a commercial bank that offers SBA loan programs to small businesses, providing financing options for growth, expansion, and working capital needs. You can find information about loan products, application processes, and support services tailored for small business owners. The bank specializes in SBA 7(a) loans and aims to help entrepreneurs access the funding they need to succeed.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also accommodated depending on availability. Contact the bank ahead of your visit to confirm the best way to proceed and to prepare any necessary documentation.

The bank typically operates from 9:00 AM to 5:00 PM, Monday through Friday. It's advisable to call ahead to confirm hours or to schedule an appointment outside regular hours if needed.

There are no fees for simply visiting or consulting with the bank; however, loan applications and processing may involve standard SBA and bank fees. These fees vary based on the specific loan product and terms.

This bank primarily serves small business owners and entrepreneurs within its regional service area. Eligibility for SBA loans depends on meeting specific criteria, but generally, it is open to qualified small businesses and residents within the region.

A minimum personal credit score of approximately 640 is typically required, though higher scores improve approval chances. The bank reviews credit history as part of the overall qualification process.

The underwriting process usually takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation. Early preparation and clear communication can help expedite the process.

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

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

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

You can reach First Internet Bank of Indiana by phone at (888) 873-3424 or online at firstib.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 Internet Bank of Indiana before relying on them.

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