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Security Bank & Trust Company

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you need funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they aim to help small businesses thrive and grow. The bank’s expertise in SBA programs makes them a reliable partner for entrepreneurs seeking flexible financing options. They also offer advice on eligibility and documentation requirements, simplifying the borrowing process for new and established businesses alike. Located in Glencoe, Minnesota, they serve the local business community with a commitment to fostering economic development. Their loan offerings include SBA 7(a) and other government-backed programs designed to provide accessible funding. Clients appreciate their quick response times and competitive terms, making them a preferred choice for small business financing in the region.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.6
Google Review Count
20
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs to small businesses, helping them secure funding for growth and operations with personalized support.
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 may be accommodated depending on availability.
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 additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to visit or consult; fees are associated with loan processing and interest rates based on the loan terms.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and small business owners within the region, but eligibility depends on loan criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
They typically look for a minimum credit score of 650, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process usually takes between 30 to 60 days, depending on the loan complexity and completeness of application materials.
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