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Granite Bank

Granite Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on the 7(a) loan program, the bank provides flexible financing options up to $1,000,000, helping entrepreneurs access capital efficiently. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located in Cold Spring, MN, the bank is committed to fostering local business development while serving a broader regional market. They specialize in industries such as manufacturing, retail, and services, offering customized loan solutions to meet diverse business needs. The bank emphasizes quick approval times and competitive rates, making it a trusted partner for business owners looking for reliable SBA financing. Whether you’re starting a new venture or expanding an existing one, Granite Bank’s SBA programs can provide the necessary capital to achieve your business goals.

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Lender Type

Commercial Bank

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Google Review Count

183

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 help small businesses access capital for growth and operational needs. You can find assistance with loan applications, expert advice, and tailored financing solutions to support your business goals.

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 specialist, but walk-in consultations may also be available during business hours. Calling ahead can help you prepare for your visit.

Question 3

What are the hours of operation?

Answer 3

The bank typically operates from 8:30 AM to 5:00 PM, Monday through Friday. It"s advisable to contact the branch directly for specific hours or to schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, standard SBA loan fees, including guaranty and closing costs, apply when securing a loan.

Question 5

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

Answer 5

The bank primarily serves local businesses and residents in the Cold Spring region, but SBA loan programs are available to eligible small businesses nationwide.

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 preferred, though higher scores can improve loan approval chances.

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 complexity of the application and completeness of documentation.

Granite Bank

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