States Served
Top Industries Financed
- Limited-Service Restaurants
- Child Day Care Services
Quick Summary
First Security Bank is an SBA-approved lender headquartered in MACKINAW, Illinois. Since 2020, they have approved 2 SBA 7(a) loans totaling $752K, with an average loan size of $376K. They primarily serve Illinois businesses.
About First Security Bank
First Security Bank is an SBA-approved lender headquartered in MACKINAW, Illinois. Since 2020, they have approved 2 SBA 7(a) loans totaling $752K, with an average loan size of $376K. They primarily serve businesses in Illinois.
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Frequently Asked Questions
Is First Security Bank an SBA Preferred Lender?
First Security 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 Security Bank approved?
According to SBA FOIA public records, First Security Bank has approved 2 SBA 7(a) loans totaling $752K since 2020. Their average loan size is $376K.
What states does First Security Bank serve?
First Security Bank primarily serves businesses in Illinois.
How do I apply for an SBA loan with First Security Bank?
To apply for an SBA 7(a) loan with First Security 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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