States Served
Top Industries Financed
- Drinking Places (Alcoholic Beverages)
- Snack and Nonalcoholic Beverage Bars
Quick Summary
Bonanza Valley State Bank is an SBA-approved lender headquartered in BROOTEN, Minnesota. Since 2020, they have approved 3 SBA 7(a) loans totaling $284K, with an average loan size of $95K. They primarily serve Minnesota businesses.
About Bonanza Valley State Bank
Bonanza Valley State Bank is an SBA-approved lender headquartered in BROOTEN, Minnesota. Since 2020, they have approved 3 SBA 7(a) loans totaling $284K, with an average loan size of $95K. They primarily serve businesses in Minnesota.
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Frequently Asked Questions
Is Bonanza Valley State Bank an SBA Preferred Lender?
Bonanza Valley State Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has Bonanza Valley State Bank approved?
According to SBA FOIA public records, Bonanza Valley State Bank has approved 3 SBA 7(a) loans totaling $284K since 2020. Their average loan size is $95K.
What states does Bonanza Valley State Bank serve?
Bonanza Valley State Bank primarily serves businesses in Minnesota.
How do I apply for an SBA loan with Bonanza Valley State Bank?
To apply for an SBA 7(a) loan with Bonanza Valley State Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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