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Viking Bank National Association

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Description

Offering comprehensive SBA lending services, this financial institution specializes in providing small business loans to support growth, expansion, and operational needs. With a focus on the 7(a) loan program, it helps entrepreneurs access funding for a variety of purposes including working capital, equipment purchase, and real estate acquisition. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency. Whether you’re a startup or an established business, they tailor solutions to meet your unique financial goals. The institution also offers flexible terms and competitive rates, making small business financing accessible and straightforward. Their commitment to supporting local businesses is evident through personalized service and a deep understanding of regional market dynamics. Located in Alexandria, MN, they serve a broad geographic area, emphasizing community growth and economic development. With a history of approving loans up to $60,000, they are well-equipped to assist small enterprises in achieving their objectives and expanding their footprint.

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Q&A

Lender Type
Commercial Bank
Google Rating
4.5
Google Review Count
30
Question 1
What is this place and what can I find here?
Answer 1
This is a financial institution that provides SBA loans and small business financing options to support local entrepreneurs and growing businesses in the region.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated assistance, 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 fees associated with loan processing and closing, which will be detailed during the application process.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This service is primarily available to small business owners in the region, with some restrictions based on eligibility criteria.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 620 is generally required for loan eligibility.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of your application and documentation.
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