Cornerstone Bank
Description
Cornerstone Bank offers comprehensive SBA loan solutions tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, they assist clients through the entire lending process, ensuring clarity and efficiency. Their team specializes in SBA 7(a) loans, providing flexible terms and competitive rates to help businesses succeed. Located in Fargo, North Dakota, they serve a diverse range of industries, emphasizing local economic development. Whether you’re a startup or an established enterprise, Cornerstone Bank is committed to helping you achieve your financial goals with tailored lending options and expert guidance.
Location
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Q&A
Lender Type
Commercial Bank
Google Rating
4.2
Google Review Count
55
Question 1
What is this place and what can I find here?
Answer 1
This is a bank offering SBA loan programs and business banking services designed to support small and medium-sized enterprises. You can find assistance with financing, business growth strategies, and personalized banking solutions tailored to your needs.
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 banking specialist, but walk-ins are also welcome during business hours for general inquiries.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s advisable to call ahead for specific services or to schedule an appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank, but certain banking services and loan applications may involve origination or processing fees, which will be disclosed upfront.
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 Fargo region, but they welcome clients from surrounding areas seeking SBA financing.
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 higher scores improve the likelihood of approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 30 to 45 days, depending on the complexity of the loan and completeness of the application.