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Last Updated: 06/21/2025

Gate City Bank Business Term Loans

in Business Loans from Gate City Bank

Last Updated: 06/21/2025

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Amount Range

N/A

APR (Fixed APR)

N/A

Loan Term (Months)

36 - 84
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Gate City Bank Business Term Loans Review

Gate City Bank loans is a business financing offering by Gate City Bank, based in Fargo, ND. Founded in 1923, Gate City Bank offers access to small business loans in 2 states across the USA.

Gate City Bank loans FAQ

What are Gate City Bank loans rates?

Gate City Bank loans offers a fixed APR business financing product but they do not disclose their rates.

Does Gate City Bank loans charge an origination fee?

Yes, Gate City Bank loans charges a loan origination fee of 0% to 5% of the business loan amount . Gate City Bank loans deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

Does Gate City Bank loans charge prepayment fees?

No, Gate City Bank loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.

What is the maximum business loan term you can get with Gate City Bank loans?

Gate City Bank loans offers small business loans with terms ranging from 36 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Gate City Bank Business Term Loans?

Gate City Bank Business Term Loans requires companies to be in business for at least month
Applicants with a credit score of at least 600 and up to 850 may be eligible for Gate City Bank Business Term Loans. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Gate City Bank Business Term Loans.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Bank account information
  • Business formation documents
  • Driver's license or other government photo ID
  • Government issued photo ID
  • Proof of identity

What is the estimated funding time for a business loan via Gate City Bank loans?

Gate City Bank loans can fund small business loans within 10 business days.

Does Gate City Bank Business Term Loans report your account activity to credit bureaus?

Yes, Gate City Bank Business Term Loans reports to the following credit bureaus:
  • Equifax
  • Experian
  • TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does Gate City Bank perform a hard credit pull?

Yes, Gate City Bank loans performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

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Contact

Headquarters

P.O. Box 2847
Fargo, ND 58108
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Email Support

Hours of Operation

Sunday
Closed
Monday
7:00AM - 10:00PM
Tuesday
7:00AM - 10:00PM
Wednesday
7:00AM - 10:00PM
Thursday
7:00AM - 10:00PM
Friday
7:00AM - 10:00PM
Saturday
Invalid DateTime - 6:00PM

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