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Think Mutual Bank

Think Mutual Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth and development. With a focus on personalized service, they provide various loan options including the SBA 7(a) program, which is ideal for working capital, equipment purchases, and expansion projects. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Rochester, MN, they serve a broad range of industries, emphasizing community banking values and local economic development. The bank is committed to supporting entrepreneurs by offering flexible terms and competitive rates, making it easier to access capital for your business needs. Whether you’re starting a new venture or expanding an existing one, Think Mutual Bank is dedicated to helping you achieve your goals with customized financing solutions and attentive customer service.

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Lender Type

Commercial Bank

Google Rating

3.7

Google Review Count

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 personalized financial services to support small business growth in Rochester, MN.

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 specialist, 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

Yes, fees may apply depending on the loan type and amount; these 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 Rochester area, but some services may be available to non-residents with qualifying criteria.

Question 6

What minimum personal credit score does this bank look for in a guarantor?

Answer 6

A minimum credit score of approximately 640 is generally preferred, though 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 2 to 4 weeks, depending on the completeness of the application and documentation provided.

Think Mutual Bank

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