Go Back

Alliance Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you’re seeking funding for expansion, working capital, or equipment purchases, they provide tailored solutions to meet your needs. Their team is dedicated to guiding clients through the application process, ensuring clarity and support at every step. With a focus on small business growth, they leverage SBA programs like 7(a) to facilitate access to capital. Located conveniently in Lake City, MN, they serve a broad range of industries, emphasizing personalized service and competitive rates. Their expertise extends across multiple SBA offerings, making them a reliable partner for entrepreneurs seeking financial assistance.

Review

There are no reviews yet.

Lender Type

Commercial Bank

Google Rating

3.7

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a local bank offering SBA loan programs and small business financing solutions to entrepreneurs and small business owners in the Lake City area.

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 are also welcome during business hours.

Question 3

What are the hours of operation?

Answer 3

The bank is open 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 visiting or consulting; however, loan application and processing fees may apply depending on the service.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This bank primarily serves small business owners and entrepreneurs in the region, but eligibility is open to qualified applicants nationwide for SBA loans.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum personal credit score of 640 or higher is generally required for SBA loan qualification.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 30 to 60 days, depending on the completeness of your application and documentation.

Alliance Bank

Description

Location

Review

Q&A