Union State Bank of Hazen
Union State Bank of Hazen is an active SBA lender in North Dakota, a bank offering SBA-guaranteed small-business loans. Currently rated 4.8 stars across 5 Google reviews.
About Union State Bank of Hazen
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with a variety of loan options. Whether you're seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and efficiency. With a focus on community development, they serve local entrepreneurs and businesses across diverse industries. The bank's SBA program history includes a strong track record with the 7(a) loan program, helping businesses access capital with flexible terms. They are committed to fostering economic growth in Hazen and the surrounding areas, making them a reliable partner for small business owners looking to grow and succeed.
Industries Union State Bank of Hazen finances
Business types Union State Bank of Hazen actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Union State Bank of Hazen
What is this place and what can I find here?
This is a community-focused bank offering SBA loan programs and small business financing options to help entrepreneurs grow and succeed locally.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday.
Is there a fee to use this?
Yes, fees may apply depending on the loan type and amount; specific fee details are provided during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the local community and surrounding areas.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally required for guarantors.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Union State Bank of Hazen typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Union State Bank of Hazen to confirm current weekend availability before you go.
How do I get there and where do I park?
Union State Bank of Hazen is located in North Dakota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Union State Bank of Hazen, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Union State Bank of Hazen itself, which runs its own lending under its own ownership. If you work at Union State Bank of Hazen, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Union State Bank of Hazen — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Union State Bank of Hazen before applying. If you represent Union State Bank of Hazen, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Union State Bank of Hazen by phone at (701) 748-2233 or online at betterstate.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Union State Bank of Hazen before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Union State Bank of Hazen most often finances businesses in general retail. This reflects Union State Bank of Hazen's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Union State Bank of Hazen which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Union State Bank of Hazen participates in SBA Express depends on its specific SBA lending authority. Contact Union State Bank of Hazen and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Union State Bank of Hazen can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Union State Bank of Hazen's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Union State Bank of Hazen directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Union State Bank of Hazen what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Union State Bank of Hazen to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Union State Bank of Hazen to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Union State Bank of Hazen weighs this case by case under its own policy, so be upfront about your history and ask Union State Bank of Hazen how it evaluates prior bankruptcies.
