Northwestern Bank, National Association

This is a financial institution offering SBA loan programs and personalized business financing solutions to help entrepreneurs grow and succeed.

It's recommended to schedule an appointment to ensure dedicated service, but walk-ins may be accommodated depending on availability.

Northwestern Bank's lobby hours vary by location. Dilworth (the main branch with phone 218-287-2311) operates Monday–Friday 8am–5pm, while other branches operate 9am–4pm weekdays. Drive-thru hours extend earlier and later at most locations. Confirm exact hours for your specific branch location with Northwestern Bank.

There may be application and closing fees associated with SBA loans, but details vary based on the specific loan product.

This bank primarily serves local businesses and residents in Minnesota, but eligibility depends on meeting loan criteria.

A minimum personal credit score of around 640 is generally preferred, though other financial factors are also considered.

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

Northwestern Bank is generally closed on weekends, except the Dilworth location offers limited Saturday drive-thru hours (8am–12pm). No Sunday hours are available at any branch. Confirm current weekend availability directly with Northwestern Bank.

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

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

You can reach Northwestern Bank, National Association by phone at (218) 287-2311 or online at nwbanks.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 Northwestern Bank, National Association before relying on them.

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