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Great North Bank

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Description

Great North Bank offers comprehensive SBA loan services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or real estate. With a focus on personalized service, the bank provides flexible lending options backed by SBA programs to help clients achieve their business goals. Their team specializes in guiding borrowers through the application process, ensuring clarity and efficiency from start to finish. Whether you’re looking for working capital, real estate financing, or equipment loans, Great North Bank is equipped to assist with SBA 7(a) loans and other small business financing solutions. The bank’s local presence in Florence, WI, allows it to understand regional market needs while providing nationwide access to SBA programs. Their commitment to supporting local businesses makes them a trusted partner for entrepreneurs and established companies alike. They prioritize customer service, transparency, and tailored financial solutions to meet diverse business needs. With a history of approving large loans up to $220,000, they are well-versed in managing substantial SBA-backed financing. The bank also offers guidance on eligibility and application requirements to streamline the borrowing process, making it accessible for a wide range of businesses.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
12
Question 1
What is this place and what can I find here?
Answer 1
This is a bank offering SBA loan services to small and medium-sized businesses. You can find assistance with financing options like SBA 7(a) loans, guidance through the application process, and personalized support for your business needs.
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 loan specialist, but walk-in consultations may also be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, but hours may vary, so it"s best to contact ahead for specific appointment times.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial consultations; however, standard loan application and closing fees may apply depending on the financing arrangement.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and businesses in Florence, WI, but also offers nationwide SBA loan programs to qualified applicants.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 650 is preferred, but final decisions are based on overall financial health and collateral.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the loan and completeness of documentation.
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