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North Star Bank

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Description

North Star Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides various SBA loan programs including the 7(a) loan program, which is ideal for a wide range of business needs. Their experienced team guides clients through the application process, ensuring a smooth and efficient experience. Located in Roseville, Minnesota, they serve local businesses as well as clients across the region, leveraging their strong community ties and financial expertise. The bank supports loans up to $100,000, helping businesses access the capital they need to succeed. They prioritize fast approval times and flexible terms, making them a reliable partner for entrepreneurs looking to expand or stabilize their operations. North Star Bank is committed to fostering economic growth in their community by providing accessible SBA financing options and expert advice to help businesses thrive.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.1
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs, business banking services, and financial advice tailored to small and medium-sized businesses in Minnesota.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are fees associated with loan processing and servicing, which vary depending on the specific loan product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and businesses within Minnesota and the surrounding regions, but some services may be available to out-of-state clients.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is generally required, though approval depends on overall financial strength and collateral.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the completeness of the application and documentation provided.
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