States Served
Top Industries Financed
- Florists
- Farm Management Services
- Automotive Glass Replacement Shops
Quick Summary
Security State Bank is an SBA-approved lender headquartered in Basin, Wyoming. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 3 SBA 7(a) loans totaling $440K, with an average loan size of $147K. They serve businesses across 2 states.
About Security State Bank
Security State Bank is an SBA-approved lender headquartered in Basin, Wyoming. Since 2020, they have approved 3 SBA 7(a) loans totaling $440K, with an average loan size of $147K. 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 State Bank an SBA Preferred Lender?
Yes, Security 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 Security State Bank approved?
According to SBA FOIA public records, Security State Bank has approved 3 SBA 7(a) loans totaling $440K since 2020. Their average loan size is $147K.
What states does Security State Bank serve?
Security State Bank serves businesses in 2 states: South Dakota, Wyoming.
How do I apply for an SBA loan with Security State Bank?
To apply for an SBA 7(a) loan with Security 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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