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Citizens Bank Minnesota

NEW ULM, MN 56073

5
Loans Approved
$5.1M
Total Volume
$1.0M
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Dry, Condensed, and Evaporated Dairy Product Manufacturing
  • Residential Remodelers

Quick Summary

Citizens Bank Minnesota is an SBA-approved lender headquartered in NEW ULM, Minnesota. Since 2020, they have approved 5 SBA 7(a) loans totaling $5.1M, with an average loan size of $1.0M. They primarily serve Minnesota businesses.

About Citizens Bank Minnesota

Citizens Bank Minnesota is an SBA-approved lender headquartered in NEW ULM, Minnesota. Since 2020, they have approved 5 SBA 7(a) loans totaling $5.1M, with an average loan size of $1.0M. They primarily serve businesses in Minnesota.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Citizens Bank Minnesota an SBA Preferred Lender?

Citizens Bank Minnesota 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 Citizens Bank Minnesota approved?

According to SBA FOIA public records, Citizens Bank Minnesota has approved 5 SBA 7(a) loans totaling $5.1M since 2020. Their average loan size is $1.0M.

What states does Citizens Bank Minnesota serve?

Citizens Bank Minnesota primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Citizens Bank Minnesota?

To apply for an SBA 7(a) loan with Citizens Bank Minnesota, 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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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days