North Shore Bank of Commerce

This is a community-focused bank offering SBA loan services, including 7(a) financing options designed to support small business growth and development. You can find personalized assistance from experienced lenders to help you secure funding for various business needs.

Appointments are recommended for personalized service, but walk-in visits are also accepted during business hours. It's best to call ahead to ensure you receive dedicated assistance.

The branch operates Monday through Friday from 9:00 AM to 5:00 PM. Special hours may apply on holidays, so it's advisable to check in advance.

There are no fees for visiting the branch, but loan application and processing fees may apply depending on the financing options selected.

This bank primarily serves local residents and small business owners within the community, but they also welcome clients from outside the immediate area for specific banking services.

A minimum personal credit score of 640 is generally preferred, though other financial factors are also considered during the approval process.

The underwriting process typically takes between 30 to 45 days, depending on the completeness of your application and supporting documents.

Most banks keep weekday business hours and are closed on weekends, and North Shore Bank of Commerce 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 North Shore Bank of Commerce to confirm current weekend availability before you go.

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

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

You can reach North Shore Bank of Commerce by phone at (218) 722-4784 or online at northshore.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 North Shore Bank of Commerce before relying on them.

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