Commercial Bank of Mott
Commercial Bank of Mott is an active SBA lender in North Dakota, a bank offering SBA-guaranteed small-business loans. Currently rated 3.0 stars across 2 Google reviews.
About Commercial Bank of Mott
The Commercial Bank of Mott offers tailored financial solutions for small businesses, including SBA loans, to support growth and expansion. With a focus on serving the local community, it provides personalized service and flexible lending options for entrepreneurs and established companies alike. The bank specializes in SBA 7(a) loans, helping clients access financing for various business needs such as working capital, equipment purchases, and real estate acquisitions. Its experienced team guides borrowers through the application process, ensuring clarity and support at every step. The bank's commitment to the local economy is reflected in its dedication to fostering small business success and providing accessible funding options. Whether you're starting a new venture or expanding an existing business, the Commercial Bank of Mott is equipped to help you achieve your financial goals with competitive terms and attentive service.
Common questions about Commercial Bank of Mott
What is this place and what can I find here?
This is a local bank offering small business loans, including SBA financing, to support entrepreneurs and business growth in the community.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated service, but walk-ins are also welcome during business hours.
What are the hours of operation?
The bank is typically open from 9 am to 5 pm, Monday through Friday, but hours may vary, so it's best to call ahead.
Is there a fee to use this?
There are fees associated with loan processing and closing, which vary depending on the loan type and amount.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small business owners and residents within the community.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred for loan qualification.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Commercial Bank of Mott 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 Commercial Bank of Mott to confirm current weekend availability before you go.
How do I get there and where do I park?
Commercial Bank of Mott 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.
Who owns or operates this listing?
This page is an independent directory listing for Commercial Bank of Mott, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Commercial Bank of Mott itself, which runs its own lending under its own ownership. If you work at Commercial Bank of Mott, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Commercial Bank of Mott — 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 Commercial Bank of Mott before applying. If you represent Commercial Bank of Mott, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Commercial Bank of Mott by phone at (701) 824-2593 or online at cbmott.com — 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 Commercial Bank of Mott before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Commercial Bank of Mott 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 Commercial Bank of Mott directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Commercial Bank of Mott participates in SBA Express depends on its specific SBA lending authority. Contact Commercial Bank of Mott and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Commercial Bank of Mott can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Commercial Bank of Mott's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Commercial Bank of Mott directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Commercial Bank of Mott what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Commercial Bank of Mott to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Commercial Bank of Mott to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Commercial Bank of Mott weighs this case by case under its own policy, so be upfront about your history and ask Commercial Bank of Mott how it evaluates prior bankruptcies.
