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Reliance Bank

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Description

Reliance Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or working capital. With a focus on personalized service, the bank provides flexible financing options under the SBA 7(a) program, which is ideal for a variety of business needs. Their experienced team guides clients through the application process, ensuring a smooth experience from start to finish. The bank’s expertise in SBA lending allows it to serve a diverse range of industries, including construction, manufacturing, and services, with loan amounts up to $300,000. Located in Faribault, Minnesota, Reliance Bank is committed to supporting local businesses and fostering economic development in the region. Whether you’re a startup or an established enterprise, Reliance Bank’s SBA programs can help you access the capital needed to achieve your business goals.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
35
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution offering SBA loan programs and business financing solutions to support small and medium-sized enterprises in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment, but walk-in consultations may be available during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 9 AM to 5 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for initial inquiries; application and processing fees may apply during the loan process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily available to local businesses and residents within the region, but eligibility depends on meeting loan criteria.
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 for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and documentation.
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