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Security First Bank of North Dakota

New Salem, ND 58563

7
Loans Approved
$1.6M
Total Volume
$231K
Avg Loan Size
1
States Served

States Served

North Dakota

Top Industries Financed

  • Nail Salons
  • Beauty Salons
  • Local Messengers and Local Delivery
  • Full-Service Restaurants
  • Offices of All Other Miscellaneous Health Practitioners

Quick Summary

Security First Bank of North Dakota is an SBA-approved lender headquartered in New Salem, North Dakota. Since 2020, they have approved 7 SBA 7(a) loans totaling $1.6M, with an average loan size of $231K. They primarily serve North Dakota businesses.

About Security First Bank of North Dakota

Security First Bank of North Dakota is an SBA-approved lender headquartered in New Salem, North Dakota. Since 2020, they have approved 7 SBA 7(a) loans totaling $1.6M, with an average loan size of $231K. They primarily serve businesses in North Dakota.

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Frequently Asked Questions

Is Security First Bank of North Dakota an SBA Preferred Lender?

Security First Bank of North Dakota 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 Security First Bank of North Dakota approved?

According to SBA FOIA public records, Security First Bank of North Dakota has approved 7 SBA 7(a) loans totaling $1.6M since 2020. Their average loan size is $231K.

What states does Security First Bank of North Dakota serve?

Security First Bank of North Dakota primarily serves businesses in North Dakota.

How do I apply for an SBA loan with Security First Bank of North Dakota?

To apply for an SBA 7(a) loan with Security First Bank of North Dakota, 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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