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Northern State Bank of Thief River Falls

Northern State Bank of Thief River Falls
Northern State Bank of Thief River Falls

Description

Northern State Bank of Thief River Falls offers comprehensive SBA lending services tailored to meet the financial needs of small businesses in the region. With a focus on supporting local entrepreneurs, the bank provides various loan options including SBA 7(a) loans, which are ideal for business expansion, working capital, and equipment purchases. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s commitment to community growth is reflected in their personalized service and flexible lending criteria, making them a trusted partner for small business owners seeking reliable financing solutions. Whether you’re starting a new venture or expanding an existing business, Northern State Bank of Thief River Falls is equipped to help you achieve your goals with tailored loan programs and expert advice.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
9
Question 1
What is this place and what can I find here?
Answer 1
This is a local commercial bank offering SBA loan programs, including 7(a) loans, to support small businesses in the Thief River Falls area. You can find personalized financial services, expert guidance, and flexible loan options tailored to your business 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 officer, but walk-ins are also welcome 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 extended hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are fees associated with loan processing and closing, but these are clearly outlined during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents in the Thief River Falls region, but eligibility depends on meeting loan requirements.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally preferred for loan approval.
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 documentation.
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