Profinium, Inc.

This is a community-focused bank offering SBA lending services, including 7(a) loans, to support small business growth and development in the Truman area. You can find personalized financial solutions tailored to your business needs and guidance throughout the loan process.

It's recommended to schedule an appointment with a loan officer to ensure dedicated time for your application, but walk-ins may be accommodated depending on availability.

The bank operates Monday through Friday from 8:30 am to 4:30 pm, with extended hours by appointment upon request.

There are no fees for visiting the bank, but loan application and processing fees may apply depending on the specific financing arrangement.

This bank primarily serves local residents and small businesses within the Truman region, but eligibility for loans depends on meeting specific credit and business criteria.

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

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of required documentation.

Most banks keep weekday business hours and are closed on weekends, and Profinium, Inc. 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 Profinium, Inc. to confirm current weekend availability before you go.

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

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

You can reach Profinium, Inc. by phone at (507) 776-2311 or online at profinium.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 Profinium, Inc. before relying on them.

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