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The Citizens National Bank of Park Rapids

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Description

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with flexible funding options. Whether you’re seeking a loan for expansion, equipment, or working capital, they provide tailored solutions to meet diverse business needs. Their expertise in SBA programs ensures that clients receive competitive rates and favorable terms. With a focus on personalized service, they guide borrowers through the application process from start to finish, making it easier to access the capital necessary for growth. The bank’s experienced team understands the unique challenges small businesses face and is committed to helping entrepreneurs succeed. They support various SBA loan programs, including 7(a) and 504, to accommodate different financing requirements. Located in Park Rapids, MN, they serve local businesses while also supporting clients across the region. Their commitment to small business growth is evident through their dedicated lending team and streamlined procedures designed to expedite approvals and disbursements.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.3
Google Review Count
26
Question 1
What is this place and what can I find here?
Answer 1
This is a bank that offers SBA loan programs and small business financing solutions, providing personalized support to help entrepreneurs grow their businesses.
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 lending specialist, but walk-ins may be accommodated depending on availability.
Question 3
What are the hours of operation?
Answer 3
The bank operates from 8:30 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for simply visiting or consulting; fees apply only to specific loan processing and closing costs.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily available to small business owners and entrepreneurs within the region, though some services may be accessible to non-residents with qualifying businesses.
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 preferred, but higher scores improve approval chances.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.
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