My Kind of Bank National Association

This is a local SBA lender offering small business loan programs, including the SBA 7(a), to help entrepreneurs secure funding for growth, equipment, or working capital needs.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may be available during business hours.

My Kind of Bank is open Monday through Friday from 8:00 AM to 4:00 PM. Please confirm current hours or availability for SBA lending appointments outside regular business hours with the bank directly.

There are no fees for simply visiting or consulting; however, loan application fees and closing costs may apply depending on the financing arrangement.

This lender primarily serves small business owners and entrepreneurs in the Ottertail region, but eligibility is based on loan criteria rather than residency alone.

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

The underwriting process typically takes between 2 to 4 weeks, depending on the completeness of the application and supporting documents.

Most banks keep weekday business hours and are closed on weekends, and My Kind of Bank National Association 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 My Kind of Bank National Association to confirm current weekend availability before you go.

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

The core details for My Kind of Bank National Association — 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 My Kind of Bank National Association before applying. If you represent My Kind of Bank National Association, claim this listing to keep its information up to date.

You can reach My Kind of Bank National Association by phone at (218) 367-2735 or online at mykindofbank.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 My Kind of Bank National Association before relying on them.

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