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First Central State Bank

De Witt, IA 52742

⭐ SBA Preferred Lender
6
Loans Approved
$5.4M
Total Volume
$897K
Avg Loan Size
1
States Served

States Served

Iowa

Top Industries Financed

  • Fitness and Recreational Sports Centers
  • Hardware Stores
  • Food (Health) Supplement Stores
  • Snack and Nonalcoholic Beverage Bars

Quick Summary

First Central State Bank is an SBA-approved lender headquartered in De Witt, Iowa. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 6 SBA 7(a) loans totaling $5.4M, with an average loan size of $897K. They primarily serve Iowa businesses.

About First Central State Bank

First Central State Bank is an SBA-approved lender headquartered in De Witt, Iowa. Since 2020, they have approved 6 SBA 7(a) loans totaling $5.4M, with an average loan size of $897K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Iowa.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Central State Bank an SBA Preferred Lender?

Yes, First Central State 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 First Central State Bank approved?

According to SBA FOIA public records, First Central State Bank has approved 6 SBA 7(a) loans totaling $5.4M since 2020. Their average loan size is $897K.

What states does First Central State Bank serve?

First Central State Bank primarily serves businesses in Iowa.

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

To apply for an SBA 7(a) loan with First Central State 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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