Choice Financial Group

This is a resource for small business owners seeking SBA-backed financing options, including loan programs, application guidance, and industry-specific support to help grow their businesses.

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

The branch operates Monday through Friday from 8:30 AM to 5:00 PM, with appointments available outside these hours upon request.

There are no fees for initial consultations; however, loan processing and closing fees may apply depending on the loan terms.

This service is open to small business owners across the United States, with a focus on supporting local businesses in the Fargo region.

A minimum personal credit score of 650 is generally preferred, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 60 days, depending on the completeness of application materials and loan complexity.

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

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

The core details for Choice Financial Group — 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 Choice Financial Group before applying. If you represent Choice Financial Group, claim this listing to keep its information up to date.

Choice Financial Group can be reached by phone at (701) 356-9700, online at bankwithchoice.com, or via their contact form at https://bankwithchoice.com/contact/ — confirm with their business lending team for SBA loan inquiries.

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