
Sign up & start saving!
Get our weekly newsletter for the latest in money news, credit card offers + more ways to save
$5,000,000
Max. Amount
Product Name | Bank Five Nine SBA loans |
---|---|
Max. Amount | $5,000,000 |
Loan Term | 84 to 300 months |
APR | Varies |
Requirements | Meet standard SBA loan requirements |
Review by
Kellye Guinan is a writer and editor with Finder and has years of experience in academic writing and research. Between her passion for books and her love of language, she works on creating stories and volunteering her time on worthy causes. She lives in the woods and likes to find new bug friends in between reading just a little too much nonfiction.
Bank Five Nine — formerly First Bank Financial Centre — is a Small Business Administration (SBA) Preferred Lender and one of the top 100 SBA lenders based on its loan volume. Because of this, it’s able to finance your loan faster than other lenders out there. It offers a wide variety of SBA loans, including the popular SBA 7(a), Express and Working Capital CAPLines programs. And unlike many lenders, its loans are available to businesses in all 50 states.
But there’s no online application, and the information you’ll find on Bank Five Nine’s website is far from transparent. To learn more about its SBA offerings — including basic information like APRs and loan amounts — you’ll need to get in touch with one of its representatives.
It’s also not ideal if you live outside of Wisconsin and prefer in-person customer support — it doesn’t have branches in any other states.
Not sure Bank Five Nine is right for you? Compare other options below.
Bank Five Nine doesn’t list eligibility criteria on its website. Instead, it judges businesses on a case-by-case basis. However, you’ll still need to meet standard SBA loan requirements at a minimum.
Bank Five Nine stands out thanks to its status as an SBA Preferred Lender. This means it’s able to underwrite, process and issue SBA loans itself, rather than waiting on the government. Because of this, it has a faster turnaround time than other non-preferred lenders out there. On top of this, it offers a variety of SBA loans, including the SBA 7(a), Express, 504, Working Capital CAPLines and Veterans Advantage Lending programs.
Throughout 2020, First Bank Financial Centre has been slowly rebranding itself to Bank Five Nine. According to its website, this change is meant to reflect its unique structure and options. But as for its lending options, nothing is changing.
On top of SBA loans, Bank Five Nine also offers the following types of business financing:
Bank Five Nine doesn’t have an online application. To set up an appointment with one of its commercial lenders, follow these steps:
Bank Five Nine doesn’t list any documents you’ll need to apply. You’ll need to ask your Bank Five Nine SBA specialist when you call or email them to start the process.
Your repayment schedule will be based on the type of SBA loan you borrow, though most come with monthly repayments over a fixed number of years. Fees will also vary depending on the type of loan you opt for, so review your loan agreement or talk to your Bank Five Nine lending specialist for more information.
If you aren’t sure what type of SBA loan to pursue, read our guide to SBA loans to learn more about each program and compare lenders.