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North Shore Bank of Commerce

North Shore Bank of Commerce offers comprehensive SBA lending services tailored to small and medium-sized businesses looking for financial support. With a focus on serving local entrepreneurs, the bank provides a range of loan options including SBA 7(a) loans, which are ideal for business expansion, equipment purchase, or working capital needs. The bank’s experienced team guides clients through the application process, ensuring they understand the requirements and benefits of SBA-backed financing. They support businesses across various industries, emphasizing personalized service and flexible lending solutions. Whether you’re a startup or an established company, North Shore Bank of Commerce aims to facilitate your growth with competitive rates and dedicated support. Their commitment to community development and small business success makes them a trusted partner in the Duluth region and beyond.

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Lender Type

Commercial Bank

Google Rating

4.5

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Question 1

What is this place and what can I find here?

Answer 1

This is a community-focused bank offering SBA loan services, including 7(a) financing options designed to support small business growth and development. You can find personalized assistance from experienced lenders to help you secure funding for various business needs.

Question 2

Do I need an appointment or can I walk in?

Answer 2

Appointments are recommended for personalized service, but walk-in visits are also accepted during business hours. It"s best to call ahead to ensure you receive dedicated assistance.

Question 3

What are the hours of operation?

Answer 3

The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Special hours may apply on holidays, so it"s advisable to check in advance.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for visiting the branch, but loan application and processing fees may apply depending on the financing options selected.

Question 5

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

Answer 5

This bank primarily serves local residents and small business owners within the community, but they also welcome clients from outside the immediate area for specific banking services.

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 preferred, though other financial factors are also considered during the approval process.

Question 7

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

Answer 7

The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and supporting documents.

North Shore Bank of Commerce

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