Freedom Financial Bank
Freedom Financial Bank is an active SBA lender in Iowa, a bank offering SBA-guaranteed small-business loans. Currently rated 4.0 stars across 8 Google reviews.
$12M
in SBA approvals since 2010
24
SBA loans funded
Construction & Contractors · Mental Health Services · General Retail
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Freedom Financial Bank
Freedom Financial Bank offers specialized SBA loan programs designed to support small businesses in their growth and development. With a focus on providing accessible financing options, this bank helps entrepreneurs secure funding for a variety of needs including working capital, equipment purchases, and expansion projects. Their team is dedicated to guiding clients through the loan process, ensuring clarity and support at every step. They have extensive experience with SBA 7(a) loans, providing flexible terms and competitive rates tailored to small business requirements. Whether you're starting a new venture or expanding an existing business, Freedom Financial Bank aims to be a reliable partner in your success.
Industries Freedom Financial Bank finances
Business types Freedom Financial Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Freedom Financial 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. You can find information on loan options, application processes, and support services tailored for small businesses.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Is there a fee to use this?
There are no fees to access basic information, but loan application processes may involve standard fees and costs associated with processing.
Who is this open to — anyone, or only residents/members?
This service is open to small business owners nationwide, regardless of residency, provided they meet the eligibility criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally recommended, but higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Freedom Financial 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 Freedom Financial Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Freedom Financial Bank is located in Iowa — 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 Freedom Financial Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Freedom Financial Bank itself, which runs its own lending under its own ownership. If you work at Freedom Financial Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Freedom Financial 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 Freedom Financial Bank before applying. If you represent Freedom Financial Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
Freedom Financial Bank is reachable by phone at (515) 223-1113. For direct inquiries, they provide a contact form at freedomfinancialbank.com/contact-us. Please confirm specific SBA loan details directly with the bank.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Freedom Financial Bank most often finances businesses in general retail. This reflects Freedom Financial 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 Freedom Financial 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 Freedom Financial Bank participates in SBA Express depends on its specific SBA lending authority. Contact Freedom Financial 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. Freedom Financial 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. Freedom Financial Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Freedom Financial 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 Freedom Financial 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 Freedom Financial 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 Freedom Financial 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. Freedom Financial Bank weighs this case by case under its own policy, so be upfront about your history and ask Freedom Financial Bank how it evaluates prior bankruptcies.
