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Sherburne State Bank

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Description

Sherburne State Bank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides expertise in SBA 7(a) loans, helping clients access funding up to $620,000 for various purposes including working capital, equipment, and real estate. The bank’s experienced team guides borrowers through the application process, ensuring clarity and efficiency. Located in Becker, Minnesota, Sherburne State Bank is committed to fostering local economic development and supporting entrepreneurs with flexible loan options and competitive terms. The bank emphasizes community involvement and provides tailored financial products to meet diverse business needs, making it a trusted partner for local business owners.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.7
Google Review Count
85
Question 1
What is this place and what can I find here?
Answer 1
This is Sherburne State Bank, where you can find a range of SBA loan options and financial services designed to support small business growth and development in Becker, Minnesota.
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 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 for initial consultations; standard loan application and processing fees apply depending on the loan type.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily available to local business owners and residents in the Becker area, though some programs may have broader eligibility.
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, but final decisions depend on overall creditworthiness.
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 complexity of the application and completeness of documentation.
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