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Western National Bank

Western National Bank
Western National Bank

Description

Western National Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, equipment, or operational needs. With a focus on personalized service, the bank provides various loan options including the SBA 7(a) program, which is ideal for a wide range of business purposes. Clients can benefit from flexible terms and competitive rates, backed by the bank’s extensive experience in SBA lending. The bank’s knowledgeable staff guides borrowers through the application process, ensuring clarity and support at every step. Located in Duluth, MN, Western National Bank is committed to serving local businesses while also supporting broader regional economic development. Whether you’re looking to expand, purchase inventory, or refinance existing debt, the bank’s SBA programs are designed to meet diverse needs. The bank emphasizes quick turnaround times and personalized attention to help your business succeed. They also offer microloans and other small business financing options, making them a versatile partner for entrepreneurs at different stages of growth.

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Q&A

Lender Type
Commercial Bank
Google Rating
3
Google Review Count
6
Question 1
What is this place and what can I find here?
Answer 1
This is a bank offering SBA loan programs and small business financing solutions, providing personalized service and expert guidance for entrepreneurs and business owners.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting the bank; fees may apply for certain services or loan processing.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents, small business owners, and regional clients seeking SBA financing solutions.
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 preferred, though specific requirements may vary based on the loan and borrower profile.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of application materials.
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