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Tradition Capital Bank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you’re seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their expertise includes SBA 7(a) loans, which are ideal for a wide range of business purposes, and they have a strong history of approving substantial loan amounts, with the largest recorded approval reaching $721,000. Located conveniently in Wayzata, MN, they serve clients across the region, leveraging their extensive experience to facilitate smooth loan processes. The bank is committed to helping entrepreneurs access the capital they need to grow and succeed, with a focus on personalized service and flexible financing options.

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Commercial Bank

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Question 1

What is this place and what can I find here?

Answer 1

This is a trusted SBA lender offering various loan programs to support small business growth and expansion. You can find personalized service and flexible financing options tailored to your business needs.

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 officer, but walk-in consultations may also be available depending on availability.

Question 3

What are the hours of operation?

Answer 3

The bank operates during regular business hours, typically from 9 AM to 5 PM, Monday through Friday. It is best to call ahead to confirm specific hours or to schedule an appointment.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for initial consultations; however, standard loan application and processing fees may apply depending on the loan type and amount.

Question 5

Who is this open to — anyone, or only residents/members?

Answer 5

This lender primarily serves small businesses within the region, but eligibility is based on business criteria rather than residency alone.

Question 6

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

Answer 6

Typically, a minimum personal credit score of 640 is preferred, but higher scores may improve approval chances.

Question 7

How long does the traditional underwriting process take from start to close?

Answer 7

The underwriting process generally takes between 2 to 4 weeks, depending on the completeness of your application and documentation.

Tradition Capital Bank

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