Security Federal Bank
AIKEN, SC 29801
⭐ SBA Preferred LenderStates Served
Top Industries Financed
- General Freight Trucking, Local
- Full-Service Restaurants
- Barber Shops
- Drinking Places (Alcoholic Beverages)
- Child Day Care Services
Quick Summary
Security Federal Bank is an SBA-approved lender headquartered in AIKEN, South Carolina. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 33 SBA 7(a) loans totaling $10.1M, with an average loan size of $306K. They serve businesses across 2 states.
About Security Federal Bank
Security Federal Bank is an SBA-approved lender headquartered in AIKEN, South Carolina. Since 2020, they have approved 33 SBA 7(a) loans totaling $10.1M, with an average loan size of $306K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.
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Frequently Asked Questions
Is Security Federal Bank an SBA Preferred Lender?
Yes, Security Federal Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Security Federal Bank approved?
According to SBA FOIA public records, Security Federal Bank has approved 33 SBA 7(a) loans totaling $10.1M since 2020. Their average loan size is $306K.
What states does Security Federal Bank serve?
Security Federal Bank serves businesses in 2 states: Georgia, South Carolina.
How do I apply for an SBA loan with Security Federal Bank?
To apply for an SBA 7(a) loan with Security Federal 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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