Plains Commerce Bank

This is a bank that offers SBA loan programs designed to help small and medium-sized businesses access financing for various needs, including expansion and equipment purchase. You can find information on loan options, application processes, and eligibility criteria here. The bank provides personalized support to guide you through securing SBA funding successfully.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours. Calling ahead can help you prepare and receive personalized assistance promptly.

The Sioux Falls location's lobby is open Monday through Friday, 9:00 AM to 4:00 PM, and the drive-up is open Monday through Friday, 8:00 AM to 5:30 PM, plus Saturday 9:00 AM to 12:00 PM. Confirm these hours with Plains Commerce Bank before visiting.

There are no fees to inquire about SBA loan programs, but application and processing fees may apply once you proceed with a loan application. These fees are disclosed upfront during the application process.

This bank's SBA services are available to qualified small business owners across the country, regardless of residency, provided they meet the eligibility criteria for SBA loans.

A minimum personal credit score of around 640 is generally preferred, though higher scores can improve approval chances and loan terms.

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

The Sioux Falls branch's drive-up window is open on Saturday from 9:00 AM to 12:00 PM, but the lobby is closed on weekends. Contact Plains Commerce Bank to confirm SBA lending staff availability on Saturday.

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

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

You can reach Plains Commerce Bank by phone at (866) 937-1134 or online at plainscommerce.com — 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 Plains Commerce Bank before relying on them.

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