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ProGrowth Bank

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ProGrowth Bank
ProGrowth Bank

Description

ProGrowth Bank offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on the needs of local entrepreneurs, this bank provides various loan programs including the SBA 7(a) and other financing options to help businesses expand, purchase equipment, or manage cash flow. Their experienced team works closely with clients to understand their unique needs and guide them through the loan process, ensuring a smooth experience from application to funding. Located in Nicollet, Minnesota, they serve the local business community with personalized service and flexible lending solutions designed to foster economic growth and stability. Whether you’re starting a new venture or expanding an existing business, ProGrowth Bank is committed to supporting your success with tailored financing options and expert guidance.

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Q&A

Lender Type
Commercial Bank
Google Rating
3
Google Review Count
2
Question 1
What is this place and what can I find here?
Answer 1
This is a local SBA lender offering small business loans, including SBA 7(a) financing, to support business growth and development in the Nicollet area. You can find personalized assistance, loan options, and guidance through the application process to help your business succeed.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to meet with a loan officer, but walk-in visits may be accommodated depending on availability. Calling ahead ensures you receive personalized attention and can prepare the necessary documentation.
Question 3
What are the hours of operation?
Answer 3
The bank operates during regular business hours, typically Monday through Friday from 8:30 am to 5:00 pm. It"s advisable to contact the branch directly for specific hours or to schedule an appointment outside of standard hours.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting with the bank; however, loan processing and application fees may apply depending on the services used. These fees are discussed upfront during the loan application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This lender primarily serves small business owners in the local region, but eligibility is based on business qualifications rather than residency alone. Entrepreneurs interested in SBA loans should meet the standard criteria and demonstrate the ability to repay the loan.
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 recommended for SBA loan approval, though higher scores can improve the chances of approval and better loan terms. Credit history and overall financial health are also important factors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan, completeness of documentation, and lender workload. Early preparation and clear communication can help expedite the process.
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