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Lake Country Community Bank

Lake Country Community Bank
Lake Country Community Bank

Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. With a focus on personalized service, they assist entrepreneurs throughout the loan process, ensuring clarity and support at every step. Their expertise includes SBA 7(a) loans, which are ideal for a wide range of business purposes, and they are committed to helping local businesses thrive. Located in Morristown, MN, they serve the community with a strong understanding of regional economic needs. Their team is dedicated to fostering growth and success for small business owners, offering guidance on loan options, eligibility, and application procedures. They also support microloans and other SBA programs, making them a versatile partner for small business financing.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.8
Google Review Count
4
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank that offers SBA loans, including 7(a) and microloans, to support small business growth in Morristown, MN. They provide personalized guidance and flexible financing options tailored to 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 assistance, but walk-ins are also welcome during business hours. Calling ahead can help you prepare for a smooth application process.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday. It"s best to confirm hours by contacting the branch directly before your visit.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank. Loan applications may involve fees such as processing or guarantee fees, which will be detailed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the regional area, but they also welcome inquiries from new clients meeting their eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
Typically, a minimum personal credit score of 640 is preferred, though higher scores may improve loan terms and approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of the application.
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