Getting a Business Loan Should Be Easy

Let's help you get the financing you need

SCHEDULE A MEETING

HAVE A QUESTION? WE'LL CALL YOU BACK.

Or you can call us at (800) 548-8138.

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Equipment Loans

Structured to finance your business equipment needs. Variable terms of up to 10 years available.

Credit Card

Credit Card

You chose to bank with us for a reason, now we're giving you one more... A Visa® credit card.

Learn More and Apply

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Operating Lines of Credit

Get through those tough times and avoid cash flow issues with an operating line of credit.

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Business Manager

Finance your Accounts Receivable for increased cash flow to fund growth. Receive a higher advance rate on your receivables than a standard line of credit.

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SBA Loans

Small Business Administration loans help strengthen a loan that may not qualify under traditional bank financing due to equity or purchasing a new business. 

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Business Purchase Loan

We specialize in creative financing allowing you to get the best terms available in a structure that will match your cash flow.

Start Saving

Working Capital Loans

Line of credit or permanent working capital to get through your cash conversion cycle.

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Agricultural Loans

Cover all of your ag needs, including farm properties, crop, livestock, machinery, equipment, and implements.

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Commercial Real Estate

Finance the purchase or construction of a new building. Terms available for up to 20 years. 

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Partner Buy-In Loans

Finance a partner buy-in such as new physicians to a practice.

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First Federal Leasing

Business Equipment Financing and Leasing - We provide a quick and easy alternative for financing equipment for your business needs.

Visit The First Federal Leasing Website

Are you ready to take the next step in your business plan?

SCHEDULE A MEETING HAVE A QUESTION? WE'LL CALL YOU BACK.

Your Lending Team

With over 150 years of combined experience, we can help get your business exactly what it needs!

Paul Witte

Senior Vice President
Commercial Lending Manager

Bill Glunt

Vice President
Commercial Lending

Craig Lichtenberger

Vice President
Commercial Lening

Melissa Matney

Vice President
Commercial Lending

Austin Schultz

Vice President
Commercial Lending

Randy Smith

Vice President
Commercial Lending-Special Assets

Laurie Carr

Vice President
Private Client Services

Ryan C My most valued product that First Bank has given me is the exceptional customer service. This relationship has given me the resources I need to expand my business

-Ryan C.

Dollars For ScholarsFirst Bank Richmond has been instrumental to the success of the Centerville Abington Dollars for Scholars. First Bank associates donate their time to our organization, and First Bank has always been there to step up and financially support our major fundraising initiatives.  First Bank Richmond is a community partner we can count on.

-Kyle T., Centerville-Abington Dollars for Scholars

Frequently Asked Questions

How long does the commercial loan process take?

The loan process timeline depends on the type of business loan that you apply for.

Examples include:

  • Commercial Line of Credit - 30 days
  • Commercial Real Estate Loan - 30-45 days
  • SBA Loans - 30-60 days

We can do some loans as quickly as a couple of days. 

What information do you need to apply?

To make it simple, we have created a loan checklist for you to follow. Once you have read the list, feel free to give us a call to answer any questions.

Documents required for initial credit decision:

All loan requests:

  • Business federal tax return for the last three years, including all schedules. (If current year returns have not been filed, provide a copy of your extension)
  • Schedule K-1
  • Fiscal year-to-date financial statement
  • Personal federal tax return for the last three years, including all schedules
  • Personal financial statement (less than 6 months old)
  • Debt schedule outlining all monthly payments

Investor loans (collateral property <51% owner-occupied)

  • Current rent roll
  • Lease agreement

Purchase loans

  • Purchase agreement

Final documents required for processing loan documents

  • Organizational documents (Articles of Incorporation/Organization, Secretary of State, Operating Agreement, etc.)

What type of down payment is required for a commercial real estate loan?

You will need to have 20% down for bank financing with First Bank.

Why should I finance through First Bank?

First Bank is a community bank located in Richmond, Indiana. Our primary goal is to provide great customer service to our customers and to give back to our community.

Our loan committee, made up of our commercial lenders, meets weekly so there's no waiting for someone out of state to review your loan and make a decision.