At First National Bank in Philip, meeting
your financial needs is our most important objective. When you have a need for a
loan, our Full Service Bank can provide the funds for any worthwhile purpose.
Almost everyone needs a loan at one time or another … for a car, a piece of
equipment, a vacation, education, a home or a business venture. No matter what
your reason for borrowing we will listen to your individual needs and do our
best to provide you with financing …quickly, fairly, and confidentially.
First National Bank in Philip recognizes the
importance of agriculture in our region and has made a commitment to agriculture
that has made us a premier Ag lender in western South Dakota. We are dedicated
to serving our agricultural community & want you as our customer.
We offer you these benefits:
Stability: We have been
serving this area since 1906
Experienced Lenders: Our Ag
lenders average over 20 years of experience in banking and all have been raised
on a ranch or farm
Quick Response to Loan Requests:
Loan decisions are made locally
Loan Size: Our asset base
allows us to accommodate large loan requests
Lines of Credit- Set up annually, based on
your plans and financial strength
Master Notes- revolving operating loans
utilizing telephone advances and payments made directly to or from your
Phone in or Mail in transfers and Loan
Requests – As our customer you will have the convenience of banking by phone
or mail which will save you valuable time.
Toll-free # for our customers needing
long distance phone service 1-866-859-2525
Types of Ag Loans Available
Both variable and fixed rate loans are
available with the ability to customize terms to fit your specific needs.
A loan secured by your certificate of
deposit with us can be made for 2% above the rate you are earning.
Let us put you in the
driver’s seat of a new or used car with an automobile loan. New car loans are
generally available for up to five years, and used car loans up to four years.
Click here to find NADA values.
If a fun-time is on your wish list, we’ll
do our best to make that wish come true. Come to us for financing for a
boat, motorcycle, snowmobile, motor home, ATV or travel trailer.
When you need cash for a vacation,
furniture, or other personal expenses, we’ll listen to your needs, consider
your financial status, and adjust the terms to fit your situation.
Ready Reserve is a protection line of
credit connected to your checking account to cover you should your account
go below zero.
Whether you need capital to expand an existing business, begin a new business,
or purchase fixed assets or equipment…First National Bank in Philip will be
there with lending services designed to respond to you and the constantly
changing demands on your business.
Equipment & Inventory purchase loans
Letters of credit
Revolving lines of credit
Real Estate Loans
Seasonal Lines of Credit
Small Business Administration
Low Doc Loans-under $150,000
7A Loans-typically greater than $150,000
504 Development Loans- Long-term financing for equipment & Real Estate
Residential Mortgage Loans
Buying a home is likely to be one of the largest investment decisions you will
ever make. Careful thought must be given to how much you can afford to spend,
how you’re going to finance the purchase, and how to qualify for the mortgage
We are anxious to assist your in what ever manner we can.
We offer construction loans and have access to a wide variety of home financing
solutions. Our loan officers will work with you to find the financing option
that works best for you.
iHELP Private Student Loan for First National Bank in Philip
There are many ways to pay for the cost of a higher education. After considering all your federal loans, scholarships and grants you may still have a gap you need to cover to pay your total college costs.
First National Bank in Philip works with the iHELP Student Loan program to provide you an attractive private student loan that can help you to cover that gap.
- Competitive interest rates
- No origination or repayment fees
- Flexible repayment options
- Easy to apply and responsive customer service
iHELP helps to meet your financing needs for college.
Important: Applying with a cosigner may help you to qualify for the loan and possibly receive a lower interest rate.
Click here to learn more and apply