Aspire Bank

This is Aspire Bank in Fargo, North Dakota, offering SBA loan programs and banking services tailored for small businesses. You can find support for business expansion, equipment financing, and working capital needs.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins are also welcome during business hours.

The bank operates Monday through Friday from 8:30 am to 5:00 pm, with extended hours by appointment.

There are no fees for initial consultations; standard loan application and processing fees apply depending on the loan terms.

This service is primarily available to local business owners and residents in the Fargo region seeking SBA financing.

A minimum personal credit score of 620 is generally required to qualify for SBA loans.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the application and completeness of documentation.

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

Aspire Bank 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.

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

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

You can contact Aspire Bank by phone at (701) 293-3662 or email info@aspirebanks.com for business lending inquiries. Please confirm all details and specific SBA loan availability directly with the bank.

Based on its approved SBA loans, Aspire Bank most often finances businesses in construction & contractors, transportation & trucking, restaurants & food service, cleaning, landscaping & janitorial, general retail, and consulting & management. This reflects Aspire Bank'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 Aspire Bank which sectors 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 Aspire Bank participates in SBA Express depends on its specific SBA lending authority. Contact Aspire 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. Aspire 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. Aspire Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Aspire 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 Aspire 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 Aspire 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 Aspire 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. Aspire Bank weighs this case by case under its own policy, so be upfront about your history and ask Aspire Bank how it evaluates prior bankruptcies.