First United Bank
First United Bank is an active SBA lender in Texas, a bank offering SBA-guaranteed small-business loans. Currently rated 3.0 stars across 2 Google reviews.
$34M
in SBA approvals since 2010
101
SBA loans funded
Automotive Repair & Services · Medical Practices & Clinics · Fitness & Recreation
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About First United Bank
First United Bank offers comprehensive SBA financing options tailored to meet the needs of small businesses across various industries. With a focus on supporting growth and expansion, they provide flexible loan programs including the SBA 7(a) loan, which is ideal for working capital, equipment purchase, and real estate acquisitions. Their experienced lending team works closely with clients to understand their unique business goals and craft financing solutions that align with their plans. The bank emphasizes personalized service, quick turnaround times, and competitive rates to help small businesses succeed. Whether you're starting a new venture or expanding an existing business, First United Bank is committed to providing the financial support necessary to achieve your objectives. Their expertise in SBA lending ensures that borrowers receive guidance throughout the application process, from initial consultation to loan closing. They also offer resources and advice to help clients navigate the complexities of SBA programs, making them a reliable partner for small business financing needs.
Industries First United Bank finances
Business types First United Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about First United Bank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs and small business financing solutions designed to support business growth and expansion.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
First United Bank's Dimmitt location lobby hours are Monday-Thursday 8:30 AM - 3:00 PM and Friday 8:30 AM - 4:00 PM. Please confirm exact hours with the branch directly.
Is there a fee to use this?
There are no fees for simply visiting or consulting; fees may apply for specific banking or loan services based on your needs.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small businesses in the region but offers services to a broad client base within its operational scope.
What minimum personal credit score does this bank look for in a guarantor?
Typically, a minimum personal credit score of 640 is preferred, but other factors are also considered during the approval process.
How long does the traditional underwriting process take from start to close?
The process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of application materials.
Is this open on weekends?
The Dimmitt Banking Center lobby is closed on weekends; Saturday-Sunday hours are not available for in-person banking, though TellerChat operates Saturday 8:00 AM - 5:00 PM. Contact First United Bank to confirm weekend SBA lending access.
How do I get there and where do I park?
First United Bank is located in Texas — 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.
Who owns or operates this listing?
This page is an independent directory listing for First United Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by First United Bank itself, which runs its own lending under its own ownership. If you work at First United Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for First United 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 United Bank before applying. If you represent First United Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach First United Bank by phone at (806) 647-4151 or online at firstunited.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 United Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, First United Bank most often finances businesses in construction & contractors, manufacturing, restaurants & food service, general retail, automotive repair & services, and medical practices & clinics. This reflects First United 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 United Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether First United Bank participates in SBA Express depends on its specific SBA lending authority. Contact First United Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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 United Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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 United Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask First United Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 United Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 United Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 United Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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 United Bank weighs this case by case under its own policy, so be upfront about your history and ask First United Bank how it evaluates prior bankruptcies.
