Security First Bank of North Dakota

This is a bank that offers SBA loan programs to small businesses, helping them secure funding for growth, equipment, and working capital needs.

It's recommended to schedule an appointment to meet with their SBA lending specialists, but walk-ins may be accommodated depending on availability.

The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with appointments available outside these hours upon request.

There are no fees for inquiring about SBA loans, but loan processing and closing may include standard fees and costs.

This bank primarily serves residents and small business owners within its regional service area in North Dakota.

A minimum personal credit score of 640 is generally required, though higher scores improve approval chances.

The underwriting process typically takes 30 to 45 days, depending on the complexity of the loan and completeness of application materials.

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

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

The core details for Security First Bank of North Dakota — 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 Security First Bank of North Dakota before applying. If you represent Security First Bank of North Dakota, claim this listing to keep its information up to date.

You can reach Security First Bank of North Dakota by phone at (701) 843-7521 or online at securityfirstbank.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 Security First Bank of North Dakota before relying on them.

Based on its approved SBA loans, Security First Bank of North Dakota most often finances businesses in medical practices & clinics. This reflects Security First Bank of North Dakota'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 Security First Bank of North Dakota 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 Security First Bank of North Dakota participates in SBA Express depends on its specific SBA lending authority. Contact Security First Bank of North Dakota 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. Security First Bank of North Dakota 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. Security First Bank of North Dakota's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Security First Bank of North Dakota 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 Security First Bank of North Dakota 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 Security First Bank of North Dakota 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 Security First Bank of North Dakota 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. Security First Bank of North Dakota weighs this case by case under its own policy, so be upfront about your history and ask Security First Bank of North Dakota how it evaluates prior bankruptcies.