Bank Forward
Description
Bank Forward offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients through the SBA 7(a) loan program, providing funding options up to $50,000 and beyond. Their team specializes in understanding the unique needs of local businesses and guiding them through the application process to secure favorable loan terms.
Location
Review
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Q&A
Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
9
Question 1
What is this place and what can I find here?
Answer 1
This is a commercial bank that offers SBA lending services, including the SBA 7(a) program, to help small businesses secure funding for growth and operational needs. You can find personalized assistance and a variety of loan options tailored to your business goals.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from Monday to Friday, 8:30 AM to 5:00 PM, with appointments available outside regular hours upon request.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees are associated with loan processing, application, and closing costs, which will be disclosed upfront.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is open to small business owners and entrepreneurs in the Fargo region seeking SBA financing, regardless of membership or residency status.
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, but the final decision depends on the overall financial profile 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 the complexity of the loan.