Highmark FCU
Highmark FCU is an active SBA lender in South Dakota, a credit union offering SBA-guaranteed small-business loans. Currently rated 3.7 stars across 101 Google reviews.
$19M
in SBA approvals since 2014
80
SBA loans funded
Construction & Contractors · Restaurants & Food Service · Fitness & Recreation
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Highmark FCU
Highmark FCU offers comprehensive financial services tailored to small businesses seeking SBA-backed loans, including the popular 7(a) program. With a focus on supporting local entrepreneurs, this institution provides flexible financing options to help start or expand your business. Their team is dedicated to guiding clients through the loan process, ensuring clarity and support at every step. Whether you're looking for working capital, equipment financing, or real estate loans, Highmark FCU can assist in securing the funding you need. They understand the unique challenges faced by small businesses and are committed to fostering growth within the community. Their experienced staff works closely with borrowers to tailor solutions that meet specific business needs, making them a reliable partner for your financial journey.
Serves SBA borrowers in 2 states
Highmark FCU has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries Highmark FCU finances
Business types Highmark FCU actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Highmark FCU
What is this place and what can I find here?
This is a financial institution that provides SBA-backed loans and banking services tailored to small businesses in the Rapid City area. You can find assistance with business financing, loans, and community banking support here.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, 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 for basic inquiries, but specific loan applications may involve processing fees. Please contact the bank for detailed fee information.
Who is this open to — anyone, or only residents/members?
This bank primarily serves members of Highmark FCU and residents of the Rapid City area seeking SBA financing.
What minimum personal credit score does this lender look for in a guarantor?
A minimum personal credit score of 650 is generally preferred, but approval depends on the overall financial profile.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan application.
Is this open on weekends?
Highmark FCU's Rapid City branch is open Saturdays from 8:00 AM to noon for drive-thru service. Confirm with the branch for complete weekend hours.
How do I get there and where do I park?
Highmark FCU is located in South Dakota — see the contact card for the full address. Most credit union 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 Highmark FCU, an SBA-participating credit union. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Highmark FCU itself, which runs its own lending under its own ownership. If you work at Highmark FCU, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Highmark FCU — 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 Highmark FCU before applying. If you represent Highmark FCU, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Highmark FCU at (605) 716-4444 or via their contact form at https://www.highmarkfcu.com/join-us/contact-us. For SBA loan inquiries, ask for their business lending department.
What core industries does this lender traditionally choose to finance?
Based on its approved SBA loans, Highmark FCU most often finances businesses in construction & contractors, restaurants & food service, general retail, and manufacturing. This reflects Highmark FCU'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 Highmark FCU which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this lender?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Highmark FCU participates in SBA Express depends on its specific SBA lending authority. Contact Highmark FCU and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this lender 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 credit unions hold PLP status, but it varies by institution. Highmark FCU can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this lender?
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. Highmark FCU's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Highmark FCU 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 Highmark FCU what down payment it expects for your specific commercial real estate purchase.
Does this lender 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 Highmark FCU to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this lender 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 Highmark FCU 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. Highmark FCU weighs this case by case under its own policy, so be upfront about your history and ask Highmark FCU how it evaluates prior bankruptcies.
