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The Union Bank

The Union Bank
The Union Bank

Description

Offering comprehensive banking solutions tailored for small businesses, this institution specializes in SBA loans to help entrepreneurs secure funding for growth and expansion. With a focus on the North Dakota region, it provides personalized service to meet diverse financial needs, including working capital, equipment purchases, and real estate acquisitions. Their experienced team guides clients through the SBA 7(a) loan process, ensuring clarity and support at every step. Whether you’re starting a new venture or expanding an existing business, they aim to simplify access to capital with flexible terms and competitive rates. The bank’s commitment to small business success is reflected in their dedicated SBA lending program, which has supported numerous local entrepreneurs in achieving their goals. They also offer various other banking services to complement your business needs, making them a one-stop financial partner for small business owners in the area.

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Q&A

Lender Type
Commercial Bank
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers small business financing solutions, including SBA loans, and provides personalized banking services to support local entrepreneurs.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment, but walk-ins are also welcome depending on availability. Calling ahead can ensure dedicated time with a loan officer.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with occasional after-hours appointments available upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees may apply for specific services or loan processing, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within North Dakota, but they welcome inquiries from new clients across the region.
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 other factors may also influence approval decisions.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes around 30 to 45 days, depending on the complexity of the loan and completeness of the application.
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