The First National Bank of McGregor d/b/a TFNB Your Bank for Life
The First National Bank of McGregor d/b/a TFNB Your Bank for Life is an active SBA lender in Texas, a bank offering SBA-guaranteed small-business loans. Currently rated 4.2 stars across 29 Google reviews.
$93M
in SBA approvals since 2010
192
SBA loans funded
Restaurants & Food Service · Hotels & Lodging · Manufacturing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The First National Bank of McGregor d/b/a TFNB Your Bank for Life
The First National Bank of McGregor d/b/a TFNB Your Bank for Life offers comprehensive SBA financing options to support small business growth and development. With a focus on serving the local community, this bank provides tailored loan solutions including SBA 7(a) loans, which are ideal for working capital, equipment purchase, or business expansion. Customers can benefit from personalized service and flexible terms designed to meet diverse business needs. The bank's experienced lending team guides clients through the application process, ensuring clarity and support at every step. Whether you're starting a new venture or expanding an existing business, TFNB Your Bank for Life is committed to helping entrepreneurs achieve their goals with reliable financing options. Located at 401 Main St in McGregor, TX, the bank is dedicated to fostering economic growth within the region and beyond. The bank's expertise in SBA lending makes it a trusted partner for small businesses seeking accessible and affordable funding solutions.
Industries The First National Bank of McGregor d/b/a TFNB Your Bank for Life finances
Business types The First National Bank of McGregor d/b/a TFNB Your Bank for Life actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about The First National Bank of McGregor d/b/a TFNB Your Bank for Life
What is this place and what can I find here?
This is a local bank offering SBA loan programs, banking services, and financial guidance tailored to small businesses in the McGregor area.
Do I need an appointment or can I walk in?
You can walk in for basic inquiries, but for detailed loan discussions, scheduling an appointment is recommended.
What are the hours of operation?
The First National Bank of McGregor d/b/a TFNB Your Bank for Life is open Monday-Thursday 9:00 AM to 5:00 PM, Friday 9:00 AM to 6:00 PM, and Saturday 9:00 AM to 12:00 PM. Please confirm directly with the bank.
Is there a fee to use this?
There are no fees for basic banking inquiries; loan fees and charges vary based on the specific loan product.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the McGregor community and surrounding regions.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is typically preferred for loan qualification.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan application.
Is this open on weekends?
Yes, The First National Bank of McGregor d/b/a TFNB Your Bank for Life is open on weekends—specifically Saturdays from 9:00 AM to 12:00 PM. Confirm weekend availability directly with the bank.
How do I get there and where do I park?
The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The First National Bank of McGregor d/b/a TFNB Your Bank for Life itself, which runs its own lending under its own ownership. If you work at The First National Bank of McGregor d/b/a TFNB Your Bank for Life, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The First National Bank of McGregor d/b/a TFNB Your Bank for Life — 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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life before applying. If you represent The First National Bank of McGregor d/b/a TFNB Your Bank for Life, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The First National Bank of McGregor d/b/a TFNB Your Bank for Life by phone at (254) 840-2836 or online at tfnbtx.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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, The First National Bank of McGregor d/b/a TFNB Your Bank for Life most often finances businesses in restaurants & food service, general retail, fitness & recreation, manufacturing, transportation & trucking, and construction & contractors. This reflects The First National Bank of McGregor d/b/a TFNB Your Bank for Life'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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life participates in SBA Express depends on its specific SBA lending authority. Contact The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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. The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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. The First National Bank of McGregor d/b/a TFNB Your Bank for Life's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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 The First National Bank of McGregor d/b/a TFNB Your Bank for Life 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. The First National Bank of McGregor d/b/a TFNB Your Bank for Life weighs this case by case under its own policy, so be upfront about your history and ask The First National Bank of McGregor d/b/a TFNB Your Bank for Life how it evaluates prior bankruptcies.
