First Southwest Bank

This is a financial institution offering SBA loan programs to help small and medium-sized businesses access capital for growth, expansion, or operational needs. You can find personalized lending services, expert guidance, and flexible financing options tailored to your business goals.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-in visits are also accepted during business hours. Calling ahead can help you prepare for a smoother experience.

First Southwest Bank operates Monday through Friday, 8am to 5pm. Please confirm with the lender for holiday hours or exceptions.

There are no fees for initial consultations or inquiries. Loan fees, such as guarantee and closing costs, are disclosed during the application process and vary based on the loan specifics.

This lender primarily serves local businesses in the Durango region, but they also support regional clients seeking SBA financing. Business owners must meet eligibility requirements to qualify.

A minimum personal credit score of around 640 is typically required, but approval depends on the overall financial profile and collateral availability.

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

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

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

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

You can reach First Southwest Bank by phone at (970) 375-1100 or online at fswb.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 Southwest Bank before relying on them.

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