Go Back
Report Abuse

The First National Bank of Milaca

0 (0 Reviews)
photo-697.jpg
photo-697.jpg

Description

The First National Bank of Milaca offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth and development. With a focus on small business needs, the bank provides various loan options, including SBA 7(a) loans, to help entrepreneurs access capital for expansion, equipment purchase, or working capital. Their experienced team guides clients through the application process, ensuring clarity and support at every step. Located conveniently in Milaca, MN, the bank is committed to fostering local business success and economic growth. Whether you’re starting a new venture or expanding an existing business, they can assist with customized financing solutions designed to meet your specific needs. The bank also offers expertise in loan structuring, collateral evaluation, and repayment planning, making it a reliable partner for small business owners in the region.

Location

Review

Login to Write Your Review

There are no reviews yet.

Q&A

Lender Type
Commercial Bank
Google Rating
4
Google Review Count
54
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and small business financing solutions. You can find support for business expansion, equipment purchases, and working capital needs, along with expert guidance throughout the loan process.
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 from 9:00 AM to 5:00 PM, Monday through Friday.
Question 4
Is there a fee to use this?
Answer 4
There are no fees to access basic banking services; fees may apply for specific loan processing or application services.
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 local community and surrounding areas.
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, though other factors may also be considered.
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 loan and completeness of documentation.
Scroll to Top