Top Industries Financed
- Couriers
- Offices of Physical, Occupational and Speech Therapists, and Audiologi
- Landscaping Services
- Hardware Stores
- Offices of Chiropractors
Quick Summary
Deerwood Bank is an SBA-approved lender headquartered in WAITE PARK, Minnesota. Since 2020, they have approved 16 SBA 7(a) loans totaling $6.4M, with an average loan size of $400K. They serve businesses across 2 states.
About Deerwood Bank
Deerwood Bank is an SBA-approved lender headquartered in WAITE PARK, Minnesota. Since 2020, they have approved 16 SBA 7(a) loans totaling $6.4M, with an average loan size of $400K. They serve businesses across 2 states.
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Frequently Asked Questions
Is Deerwood Bank an SBA Preferred Lender?
Deerwood 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 Deerwood Bank approved?
According to SBA FOIA public records, Deerwood Bank has approved 16 SBA 7(a) loans totaling $6.4M since 2020. Their average loan size is $400K.
What states does Deerwood Bank serve?
Deerwood Bank serves businesses in 2 states: Florida, Minnesota.
How do I apply for an SBA loan with Deerwood Bank?
To apply for an SBA 7(a) loan with Deerwood 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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