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Frandsen Bank and Trust

Frandsen Bank and Trust
Frandsen Bank and Trust

Description

Frandsen Bank and Trust offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, they assist clients in navigating SBA programs such as the 7A loan, providing flexible financing options up to $20,000 for qualifying businesses. Their experienced team works closely with borrowers to understand their unique needs and develop customized loan solutions that align with their business goals. Located in Arden Hills, Minnesota, they serve a diverse range of industries, emphasizing community banking and local economic development. Whether you are a startup or an established business, Frandsen Bank and Trust is committed to helping you access the capital needed to succeed. They also provide guidance on loan application processes, ensuring clients are well-informed at every step. Their dedication to customer service and deep understanding of SBA programs make them a reliable partner for small business financing in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
5
Google Review Count
1
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs, personal banking, and financial services tailored to small businesses and entrepreneurs in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, with extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the bank; however, loan applications and services may involve processing or service charges depending on the product.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small businesses within the region but welcomes new clients who meet their lending criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 is typically required for loan applicants and guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.
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