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VisionBank

Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses through various loan programs. With a focus on the SBA 7(a) loan program, it provides funding options for business expansion, working capital, and equipment purchases. The bank is committed to helping entrepreneurs achieve their goals by offering flexible financing solutions tailored to their needs. Located in Saint Louis Park, MN, it serves a diverse range of industries, with particular expertise in retail, healthcare, and service sectors. The bank’s experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Whether you’re a startup or an established business, this lender aims to foster growth and stability in the local and national economy. Their loan offerings include support for small businesses seeking up to $150,000, with an emphasis on personalized service and quick turnaround times. The institution prides itself on its community involvement and dedication to small business success, making it a trusted partner for entrepreneurs across the region.

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Lender Type

Commercial Bank

Google Rating

4.5

Google Review Count

Question 1

What is this place and what can I find here?

Answer 1

This is a financial institution that offers SBA loans and small business financing options. You can find assistance with SBA 7(a) loans, guidance through the application process, and personalized support for your business needs.

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 may be accommodated depending on availability. Calling ahead is advised for a smoother experience.

Question 3

What are the hours of operation?

Answer 3

The bank"s typical hours are Monday through Friday, 9:00 AM to 5:00 PM. It is best to contact the branch directly for specific appointment times or after-hours services.

Question 4

Is there a fee to use this?

Answer 4

There are no fees for simply consulting with the bank; however, loan processing and origination fees may apply during the application process. These are disclosed upfront before any agreement is signed.

Question 5

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

Answer 5

This bank primarily serves small business owners and entrepreneurs, with a focus on those operating within the region or with connections to the local community. Business eligibility depends on meeting loan criteria.

Question 6

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

Answer 6

A minimum personal credit score of around 650 is generally preferred, but higher scores improve chances of approval and better loan terms.

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 complexity of the application and completeness of submitted documentation.

VisionBank

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