Western National Bank

This is a bank offering SBA loan programs and small business financing solutions, providing personalized service and expert guidance for entrepreneurs and business owners.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may also be accommodated depending on availability.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.

There are no fees for simply visiting the bank; fees may apply for certain services or loan processing.

This bank primarily serves local residents, small business owners, and regional clients seeking SBA financing solutions.

A minimum personal credit score of 640 is generally preferred, though specific requirements may vary based on the loan and borrower profile.

The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of application materials.

Most banks keep weekday business hours and are closed on weekends, and Western National Bank 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 Western National Bank to confirm current weekend availability before you go.

Western National Bank is located in Minnesota — 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.

This page is an independent directory listing for Western National Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Western National Bank itself, which runs its own lending under its own ownership. If you work at Western National Bank, you can claim this listing from this page to manage it.

The core details for Western National Bank — 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 Western National Bank before applying. If you represent Western National Bank, claim this listing to keep its information up to date.

You can reach Western National Bank by phone at (218) 723-1000, online at wbduluth.com, or through their secure contact form at https://www.wbduluth.com/contact-us-form — confirm with the lender for SBA department specifics.

Like most SBA lenders, Western National Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Western National Bank directly which industries it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Western National Bank participates in SBA Express depends on its specific SBA lending authority. Contact Western National Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Western National Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Western National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Western National Bank directly whether it considers start-up loans.

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 Western National Bank what down payment it expects for your specific commercial real estate purchase.

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 Western National Bank to spell out any prepayment penalties before you sign.

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 Western National Bank to confirm it qualifies and how to document it.

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. Western National Bank weighs this case by case under its own policy, so be upfront about your history and ask Western National Bank how it evaluates prior bankruptcies.