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First National Bank

OLDHAM, SD 57051

93
Loans Approved
$30.3M
Total Volume
$325K
Avg Loan Size
5
States Served

States Served

ColoradoIowaIllinoisMinnesotaSouth Dakota

Top Industries Financed

  • New Single-Family Housing Construction (except Operative Builders)
  • General Automotive Repair
  • Logging
  • Gasoline Stations with Convenience Stores
  • Drinking Places (Alcoholic Beverages)

Quick Summary

First National Bank is an SBA-approved lender headquartered in OLDHAM, South Dakota. Since 2020, they have approved 93 SBA 7(a) loans totaling $30.3M, with an average loan size of $325K. They serve businesses across 5 states.

About First National Bank

First National Bank is an SBA-approved lender headquartered in OLDHAM, South Dakota. Since 2020, they have approved 93 SBA 7(a) loans totaling $30.3M, with an average loan size of $325K. They serve businesses across 5 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First National Bank an SBA Preferred Lender?

First National Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has First National Bank approved?

According to SBA FOIA public records, First National Bank has approved 93 SBA 7(a) loans totaling $30.3M since 2020. Their average loan size is $325K.

What states does First National Bank serve?

First National Bank serves businesses in 5 states: Colorado, Iowa, Illinois, Minnesota, South Dakota.

How do I apply for an SBA loan with First National Bank?

To apply for an SBA 7(a) loan with First National Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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