First National Bank

This is a local SBA lender offering small business financing options, including SBA 7(a) loans, to support regional economic growth and entrepreneurship.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated during business hours.

The Fort Pierre branch lobby operates Monday-Friday 8:30am to 4:30pm, with drive-up service Monday-Friday 7:30am to 5:30pm. Please confirm current hours with First National Bank.

There are no fees for inquiries; however, standard loan closing and guarantee fees may apply during the lending process.

This service is open to small business owners and entrepreneurs in South Dakota seeking SBA financing options.

A minimum personal credit score of 640 is generally preferred, though other factors are also considered.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.

The Fort Pierre branch is closed on weekends; business hours are Monday-Friday only. Confirm with First National Bank for any exceptions.

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

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

You can reach First National Bank by phone at (605) 223-2521 or online at firstnationalbanks.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 First National Bank before relying on them.

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