Go Back
Report Abuse

Bonanza Valley State Bank

0 (0 Reviews)
photo-1558.jpg
photo-1558.jpg

Description

Bonanza Valley State Bank offers comprehensive SBA lending solutions tailored to small businesses seeking financial support for growth and operations. With a focus on community banking, it provides personalized service and flexible loan options to meet diverse business needs. The bank specializes in SBA 7(a) loans, helping entrepreneurs access funding for various purposes such as working capital, equipment purchase, or real estate acquisition. Located in Brooten, Minnesota, it is committed to supporting local businesses with competitive rates and attentive customer service. The bank’s experienced lending team guides clients through the application process, ensuring clarity and efficiency. Whether you’re starting a new venture or expanding an existing business, Bonanza Valley State Bank is dedicated to fostering economic development in the region. Its strong community ties and financial expertise make it a trusted partner for small business owners looking for reliable SBA financing options.

Location

Review

Login to Write Your Review

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
2
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and personalized financial services for small businesses in Brooten, Minnesota.
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 lending specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 am to 4:30 pm, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; fees may apply for loan processing and services based on specific transactions.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the community and surrounding regions.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 650 is generally preferred, though other factors are also considered.
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 application.
Scroll to Top