Lines of Credit
Lines of credit allow your business to take advantage of opportunities as they arise, such as vendor
discounts or to fund seasonal changes in inventory and receivables. We offer two different lines of credit,
revolving or non-revolving.
Term loans are used for long-term financing needs such as business expansion, acquisitions or to finance
equipment. They involve a lump-sum disbursement with periodic repayments over a specified time.
Real Estate Loans
We provide financing for construction, land development or long-term financing needs for completed
Small Business Administration (SBA) Loans
First PREMIER Bank is one of the largest SBA lenders in South Dakota. We recognize that small businesses
are vital to our economic growth and strength. SBA loans are backed by the U.S. Small Business
First PREMIER offers two types of SBA loans: the 7(a) Loan and the 504 Loan. Some of the benefits of SBA
- Lower down payment
- Lower monthly payment
- Longer terms
- No prepayment penalties, except for terms greater than 15 years
- Multiple interest rate options (fixed, adjustable or floating)
www.sba.gov for more information.
First PREMIER Bank offers loans to agricultural producers for funding the various aspects of agri-business.
Contact us to discuss the financing that best suits your needs.