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My Kind of Bank National Association

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a range of loan options, including the popular 7(a) program. Located in Ottertail, Minnesota, it provides tailored financial solutions to meet the unique needs of local entrepreneurs and business owners. Whether you’re seeking funding for expansion, equipment purchase, or working capital, this lender is equipped to assist with flexible terms and competitive rates. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. With a focus on community development and small business growth, they prioritize personalized service and local economic impact. The bank’s commitment to supporting small enterprises is evident in their dedicated SBA program offerings and responsive customer support. Serving the Ottertail area and beyond, they aim to be a trusted partner for your business financing needs, helping you achieve your goals with confidence and ease.

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Commercial Bank

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Question 1

What is this place and what can I find here?

Answer 1

This is a local SBA lender offering small business loan programs, including the SBA 7(a), to help entrepreneurs secure funding for growth, equipment, or working capital needs.

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 be available during business hours.

Question 3

What are the hours of operation?

Answer 3

The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with appointments available outside regular hours upon request.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply visiting or consulting; however, loan application fees and closing costs may apply depending on the financing arrangement.

Question 5

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

Answer 5

This lender primarily serves small business owners and entrepreneurs in the Ottertail region, but eligibility is based on loan criteria rather than residency alone.

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 generally required, though higher scores improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.

My Kind of Bank National Association

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