Border Bank

This is a community-focused bank offering SBA loan options and financial guidance for small businesses in North Dakota. You can find personalized support for business growth, expansion, and operational needs, including assistance with the SBA 7(a) program.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Contact the branch beforehand for the best experience.

Border Bank's business hours are 8:00 AM to 6:00 PM, Monday through Friday, and 8:00 AM to 12:00 PM on Saturday. Confirm these hours with Border Bank as they may vary by location.

There are no fees for initial consultations; however, loan processing and application fees may apply depending on the loan type and amount. Discuss fee details directly with a loan officer.

This bank primarily serves local residents and small business owners within the region. Eligibility for specific loan programs may depend on residency and business location.

A minimum personal credit score of around 640 is generally required, but higher scores improve approval chances and loan terms.

The underwriting process typically takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation provided.

Border Bank is open Saturday from 8:00 AM to 12:00 PM and closed on Sunday. Confirm with Border Bank for holiday hours.

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

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

You can reach Border Bank by phone at (701) 282-4598 or online at border.bank — 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 Border Bank before relying on them.

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