Cornerstone Bank

This is a bank offering SBA loan programs and business banking services designed to support small and medium-sized enterprises. You can find assistance with financing, business growth strategies, and personalized banking solutions tailored to your needs.

It's recommended to schedule an appointment to ensure dedicated time with a banking specialist, but walk-ins are also welcome during business hours for general inquiries.

Cornerstone Bank's general banking hours are 9:00 AM to 5:00 PM, seven days a week (Monday through Sunday). Individual location hours may vary, so please confirm with your local branch.

There are no fees to visit the bank, but certain banking services and loan applications may involve origination or processing fees, which will be disclosed upfront.

This bank primarily serves small business owners and entrepreneurs in the Fargo region, but they welcome clients from surrounding areas seeking SBA financing.

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

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

Yes, Cornerstone Bank is open on Saturdays and Sundays from 9:00 AM to 5:00 PM. Please confirm your nearest location's weekend hours directly with the bank.

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

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

You can reach Cornerstone Bank by phone at (701) 364-9630 or online at cornerstone.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 Cornerstone Bank before relying on them.

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