Security Savings Bank
CANTON, SD 57013
States Served
Top Industries Financed
- Specialized Freight (except Used Goods) Trucking, Local
- Other Personal Care Services
- All Other Miscellaneous Fabricated Metal Product Manufacturing
- Offices of Optometrists
- Beauty Salons
Quick Summary
Security Savings Bank is an SBA-approved lender headquartered in CANTON, South Dakota. Since 2020, they have approved 28 SBA 7(a) loans totaling $5.1M, with an average loan size of $181K. They serve businesses across 3 states.
About Security Savings Bank
Security Savings Bank is an SBA-approved lender headquartered in CANTON, South Dakota. Since 2020, they have approved 28 SBA 7(a) loans totaling $5.1M, with an average loan size of $181K. They serve businesses across 3 states.
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Frequently Asked Questions
Is Security Savings Bank an SBA Preferred Lender?
Security 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 Security Savings Bank approved?
According to SBA FOIA public records, Security Savings Bank has approved 28 SBA 7(a) loans totaling $5.1M since 2020. Their average loan size is $181K.
What states does Security Savings Bank serve?
Security Savings Bank serves businesses in 3 states: Iowa, Minnesota, South Dakota.
How do I apply for an SBA loan with Security Savings Bank?
To apply for an SBA 7(a) loan with Security 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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