Structured to finance your business equipment needs. Variable terms of up to 10 years available.
You chose to bank with us for a reason, now we're giving you one more... A Visa® credit card.
Get through those tough times and avoid cash flow issues with an operating line of credit.
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.
Small Business Administration loans help strengthen a loan that may not qualify under traditional bank financing due to equity or purchasing a new business.
We specialize in creative financing allowing you to get the best terms available in a structure that will match your cash flow.
Line of credit or permanent working capital to get through your cash conversion cycle.
Cover all of your ag needs, including farm properties, crop, livestock, machinery, equipment, and implements.
Finance the purchase or construction of a new building. Terms available for up to 20 years.
Finance a partner buy-in such as new physicians to a practice.
Business Equipment Financing and Leasing - We provide a quick and easy alternative for financing equipment for your business needs.
With over 150 years of combined experience, we can help get your business exactly what it needs!
President
Chief Operating Officer
Sr. Vice President
Commercial Lending Manager
Vice President
Commercial Lending/CRA Officer
Vice President
Commercial Lending
Vice President
Commercial Lending
Vice President
Private Client Services/Cash Management Specialist
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.
First 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
The loan process timeline depends on the type of business loan that you apply for.
Examples include:
We can do some loans as quickly as a couple of days.
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:
Investor loans (collateral property <51% owner-occupied)
Purchase loans
Final documents required for processing loan documents
You will need to have 20% down for bank financing with 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.