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Dakota Western Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with their funding needs. Whether you’re looking for working capital, equipment financing, or real estate loans, they provide tailored solutions to help your business grow. Their expertise in the SBA 7(a) program allows them to assist entrepreneurs across various industries, ensuring flexible terms and competitive rates. Located in Bowman, North Dakota, they serve local businesses with personalized service and a deep understanding of regional market dynamics. The bank is committed to fostering small business success by providing accessible financing options, guiding clients through the application process, and offering ongoing support for business expansion and development.

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Commercial Bank

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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. You can find assistance with funding for startups, expansions, and other business needs, tailored to the North Dakota region.

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 bank operates from 8:30 AM to 5:00 PM, Monday through Friday. It"s advisable to call ahead to confirm availability for meetings or consultations.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, standard loan application and processing fees may apply during the financing process.

Question 5

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

Answer 5

This bank primarily serves local residents and small business owners within the Bowman area and surrounding regions, focusing on regional economic development.

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, though specific requirements may vary based on the loan type and applicant profile.

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 completeness of the application and supporting documentation.

Dakota Western Bank

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