Security Bank & Trust Company
Security Bank & Trust Company is an active SBA lender in the United States, a bank offering SBA-guaranteed small-business loans. Currently rated 4.6 stars across 20 Google reviews.
About Security Bank & Trust Company
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you need funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on personalized service, they aim to help small businesses thrive and grow. The bank's expertise in SBA programs makes them a reliable partner for entrepreneurs seeking flexible financing options. They also offer advice on eligibility and documentation requirements, simplifying the borrowing process for new and established businesses alike. Located in Glencoe, Minnesota, they serve the local business community with a commitment to fostering economic development. Their loan offerings include SBA 7(a) and other government-backed programs designed to provide accessible funding. Clients appreciate their quick response times and competitive terms, making them a preferred choice for small business financing in the region.
Common questions about Security Bank & Trust Company
What is this place and what can I find here?
This is a bank that offers SBA loan programs to small businesses, helping them secure funding for growth and operations with personalized support.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
The bank operates Monday through Friday from 8:30 AM to 5:00 PM, with additional hours by appointment.
Is there a fee to use this?
There are no fees to visit or consult; fees are associated with loan processing and interest rates based on the loan terms.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within the region, but eligibility depends on loan criteria.
What minimum personal credit score does this bank look for in a guarantor?
They typically look for a minimum credit score of 650, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The process usually takes between 30 to 60 days, depending on the loan complexity and completeness of application materials.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Security Bank & Trust Company 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 Security Bank & Trust Company to confirm current weekend availability before you go.
How do I get there and where do I park?
Security Bank & Trust Company is located at the address listed on this page — 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.
Who owns or operates this listing?
This page is an independent directory listing for Security Bank & Trust Company, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Security Bank & Trust Company itself, which runs its own lending under its own ownership. If you work at Security Bank & Trust Company, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Security Bank & Trust Company — 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 Security Bank & Trust Company before applying. If you represent Security Bank & Trust Company, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Security Bank & Trust Company by phone at (320) 864-3171 or online at security-banks.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 Security Bank & Trust Company before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Security Bank & Trust Company can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Security Bank & Trust Company directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Security Bank & Trust Company participates in SBA Express depends on its specific SBA lending authority. Contact Security Bank & Trust Company and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
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. Security Bank & Trust Company can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
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. Security Bank & Trust Company's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Security Bank & Trust Company directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
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 Security Bank & Trust Company what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
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 Security Bank & Trust Company to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
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 Security Bank & Trust Company to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
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. Security Bank & Trust Company weighs this case by case under its own policy, so be upfront about your history and ask Security Bank & Trust Company how it evaluates prior bankruptcies.