First National Bank North

This is a bank that offers SBA loan programs to small businesses, providing financing options for growth, expansion, and startup needs in the Walker area.

It is recommended to schedule an appointment to meet with a loan officer, but walk-in consultations may also be available during business hours.

First National Bank North branch locations operate Monday through Friday, 7:30 AM to 5:30 PM. For current hours at your specific location, contact the bank at (218) 547-1160.

There are no fees for simply visiting or consulting; loan fees apply based on the specific financing arrangement.

This bank serves small business owners and entrepreneurs in the region, primarily those with a solid business plan and good credit standing.

A minimum personal credit score of around 640 is generally preferred, though higher scores improve approval chances.

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

First National Bank North is open Saturday 8:30 AM to 12:00 PM and closed on Sundays. Confirm your location's weekend availability by calling (218) 547-1160.

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

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

Contact First National Bank North at (218) 547-1160, visit fnbnorth.com, or use their contact form at fnbnorth.com/contact/ for business lending inquiries.

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