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Platinum Bank

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Description

Platinum Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, equipment, or working capital. With a focus on personalized service, the bank provides various SBA loan programs, including 7(a) loans, to meet diverse business needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Oakdale, Minnesota, the bank leverages its local market expertise to serve businesses across the region. They support loans up to $1,270,000, making them a strong partner for businesses looking for substantial funding. Platinum Bank’s commitment to small business success is evident in their dedicated approach and flexible financing options. Whether you’re a startup or an established enterprise, they aim to facilitate your growth with tailored financial solutions, emphasizing quick turnaround times and personalized service.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
15
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that provides SBA loan options and business financing solutions designed to support small and medium-sized businesses in their growth and development.
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 from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit the branch; however, loan application and processing fees may apply depending on the service.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves small business owners and residents within the regional area, but they welcome inquiries from all qualified applicants.
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 for guarantors.
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 documentation provided.
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