Bank Forward

Review, Rates and contact information

About

Bank Forward provides a range of business loans to qualifying applicants, addressing various needs such as working capital, inventory or equipment purchases, expansion, and operating lines of credit. Repayment terms are customizable to align with the business cycle, and the bank offers credit analysis in easy-to-read reports. For real estate solutions, Bank Forward offers financing for business acquisitions, construction, and development. The bank collaborates with SBA loan programs, including 7(a) loans, Express SBA Lending, and SBA 504 Real Estate/machinery funding. As a preferred lender with the Farm Service Agency, Bank Forward provides guaranteed lending for agriculture. The bank also collaborates with USDA Rural Development, Bank of North Dakota, and the Department of Commerce for various loan program needs for business customers. Bank Forward supports new farmers by working closely with Bank of North Dakota and the Farm Service Agency to offer low-interest rates and minimal down payments on purchases of land, equipment, and operating capital related to farming. The bank offers financial packages that provide easy-to-read reports showcasing trends in the financial position of businesses. Additionally, Bank Forward provides advanceMate, allowing pre-approved advances from operating lines for extra funds, and CheckMate, a pre-approved line of credit for additional funds in checking accounts and overdraft protection.

3 contacts were found in LoanBase's database

Offered Loan Program Types

SBA, New Construction/Ground-Up Construction, Permanent/Long Term, Long Term Rental 1-4 Units

Property Types

Residential (1-4 units), Multi-Family, Retail Office Industrial Hospitality

Loan Amount

$150K - $8M

Time to close

30-60 days

Primary Areas Served

ND MN

Max LTV

85% SBA

Origination Fee

1.00%

Specialty

Rural Area/Agricultural Line of Credit (LOC) Medical Storage Assisted Living Condominium Recreational Transportation Manufacturing Facilities

recently closed deals

Loan date

Loan Amount

Property Subtype

Address

ZIP

8/17/2023
$206,780
Residential
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Loan date

8/17/2023

Loan Amount

$206,780

Property Subtype

Residential

Address

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To view all recent closed deals with full address

8/15/2023
$108,640
Residential
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Loan date

8/15/2023

Loan Amount

$108,640

Property Subtype

Residential

Address

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8/14/2023
$149,870
Residential
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Loan date

8/14/2023

Loan Amount

$149,870

Property Subtype

Residential

Address

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8/14/2023
$670,500
Residential
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Loan date

8/14/2023

Loan Amount

$670,500

Property Subtype

Residential

Address

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8/10/2023
$200,000
Condominium
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Loan date

8/10/2023

Loan Amount

$200,000

Property Subtype

Condominium

Address

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8/8/2023
$208,000
Residential
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Loan date

8/8/2023

Loan Amount

$208,000

Property Subtype

Residential

Address

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8/8/2023
$546,500
Single Family Residence
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Loan date

8/8/2023

Loan Amount

$546,500

Property Subtype

Single Family Residence

Address

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8/4/2023
$247,350
Residential
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Loan date

8/4/2023

Loan Amount

$247,350

Property Subtype

Residential

Address

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8/3/2023
$190,000
Condominium
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Loan date

8/3/2023

Loan Amount

$190,000

Property Subtype

Condominium

Address

***** **** **
8/3/2023
$440,300
Single Family Residence
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Loan date

8/3/2023

Loan Amount

$440,300

Property Subtype

Single Family Residence

Address

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8/1/2023
$193,907
Residential
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Loan date

8/1/2023

Loan Amount

$193,907

Property Subtype

Residential

Address

***** **** **
8/1/2023
$560,000
Residential
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Loan date

8/1/2023

Loan Amount

$560,000

Property Subtype

Residential

Address

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7/26/2157
$675,134
Industrial
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Loan date

7/26/2157

Loan Amount

$675,134

Property Subtype

Industrial

Address

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