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First Savings Bank

Beresford, SD 57004

117
Loans Approved
$30.5M
Total Volume
$261K
Avg Loan Size
9
States Served

States Served

AlaskaArizonaIowaNebraskaNew MexicoNevadaOklahomaSouth DakotaTexas

Top Industries Financed

  • Hotels (except Casino Hotels) and Motels
  • Full-Service Restaurants
  • Mobile Food Services
  • Offices of Lawyers
  • Limited-Service Restaurants

Quick Summary

First Savings Bank is an SBA-approved lender headquartered in Beresford, South Dakota. Since 2020, they have approved 117 SBA 7(a) loans totaling $30.5M, with an average loan size of $261K. They serve businesses across 9 states.

About First Savings Bank

First Savings Bank is an SBA-approved lender headquartered in Beresford, South Dakota. Since 2020, they have approved 117 SBA 7(a) loans totaling $30.5M, with an average loan size of $261K. They serve businesses across 9 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is First Savings Bank an SBA Preferred Lender?

First Savings 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 Savings Bank approved?

According to SBA FOIA public records, First Savings Bank has approved 117 SBA 7(a) loans totaling $30.5M since 2020. Their average loan size is $261K.

What states does First Savings Bank serve?

First Savings Bank serves businesses in 9 states: Alaska, Arizona, Iowa, Nebraska, New Mexico, Nevada, Oklahoma, South Dakota, Texas.

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

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