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Security State Bank of Hibbing

Security State Bank of Hibbing
Security State Bank of Hibbing

Description

Security State Bank of Hibbing offers comprehensive SBA lending services tailored to small businesses seeking financial growth and stability. With a focus on supporting local entrepreneurs, the bank provides access to various SBA loan programs, including the popular 7(a) program, to help fund business expansion, equipment purchases, and working capital needs. Their experienced team works closely with clients to understand their unique financial situations and craft suitable loan solutions. The bank’s commitment to personalized service ensures that borrowers receive guidance throughout the application process, from initial inquiry to final approval. Located in Hibbing, Minnesota, they serve a broad geographic area, emphasizing community development and small business success. Whether you’re a startup or an established business, Security State Bank of Hibbing aims to facilitate your growth with flexible financing options and expert support.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
4
Question 1
What is this place and what can I find here?
Answer 1
This is a community-focused bank offering SBA loan programs and financial services tailored to small businesses seeking funding and growth support.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are accepted 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
Fees may apply for certain services and loan processing; specifics are discussed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves local residents and small businesses in the Hibbing area, 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 650 is generally required, though higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The process typically takes 30 to 45 days, depending on the completeness of documentation and loan complexity.
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