Go Back
Report Abuse

Eagle Rock Bank

0 (0 Reviews)
photo-288.jpg
photo-288.jpg

Description

Eagle Rock Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the manufacturing sector, the bank provides a range of loan options including the SBA 7(a) program, which is ideal for business acquisitions, working capital, and equipment financing. Located in Rochester, MN, the bank is committed to serving local entrepreneurs and supporting the regional economy through flexible lending solutions. Their experienced team guides clients through the application process, ensuring clarity and efficiency. Whether you’re looking to expand your operations or start a new venture, Eagle Rock Bank’s SBA programs are designed to meet diverse business needs with competitive terms and personalized service. The bank’s primary NAICS code, 311611, indicates a specialization in food manufacturing, making it a strong partner for businesses in this industry. With approval amounts reaching up to $417,500, they are equipped to fund a variety of business projects, emphasizing their support for small business growth in the region.

Location

Review

Login to Write Your Review

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
3.7
Google Review Count
22
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs designed to support small business growth, including funding for equipment, expansion, and working capital, primarily serving the Rochester area.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to meet with a loan officer, but walk-in consultations may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9 am to 5 pm, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
Yes, fees such as application and guarantee fees may apply depending on the loan specifics.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily open to small business owners in the Rochester region 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 around 640 is generally required for loan approval.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the completeness of the application and documentation provided.
Scroll to Top