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Dakota Business Lending

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Description

Specializing in small business financing, this lender offers a range of SBA loan programs designed to support business growth and development. With a focus on the Fargo community and beyond, they provide tailored financial solutions for entrepreneurs seeking capital for various purposes, including working capital, equipment purchase, or real estate acquisition. Their experienced team guides clients through the application process, ensuring clarity and support at every step. They are well-versed in SBA 7(a) loans, providing flexible terms and competitive rates to help businesses succeed. Whether you’re a startup or an established enterprise, this lender aims to foster local economic growth by offering accessible financing options. Their commitment to customer service and community development makes them a trusted partner for small business owners looking for reliable funding sources. They also support microloans and other SBA programs, making them a versatile choice for diverse business needs. Located conveniently in Fargo, they serve clients across North Dakota and the surrounding regions, emphasizing personalized service and local expertise.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.9
Google Review Count
32
Question 1
What is this place and what can I find here?
Answer 1
This is a small business lender offering SBA loans, microloans, and financial support tailored to entrepreneurs in Fargo and North Dakota. They provide personalized guidance and flexible financing options to help your business grow and succeed.
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-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The lender operates Monday through Friday from 9:00 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 to consult with the lender; however, loan processing and origination fees may apply depending on the specific financing product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners and entrepreneurs in Fargo and the surrounding North Dakota region, but they welcome qualified applicants from nearby areas.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required to qualify for their SBA loan programs.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the application and completeness of documentation.
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