States Served
Top Industries Financed
- Specialized Freight (except Used Goods) Trucking, Local
- Limited-Service Restaurants
- All Other Amusement and Recreation Industries
- Site Preparation Contractors
- Offices of Lawyers
Quick Summary
Granite Bank is an SBA-approved lender headquartered in Cold Spring, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 198 SBA 7(a) loans totaling $49.0M, with an average loan size of $248K. They serve businesses across 11 states.
About Granite Bank
Granite Bank is an SBA-approved lender headquartered in Cold Spring, Minnesota. Since 2020, they have approved 198 SBA 7(a) loans totaling $49.0M, with an average loan size of $248K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 11 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
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Frequently Asked Questions
Is Granite Bank an SBA Preferred Lender?
Yes, Granite Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Granite Bank approved?
According to SBA FOIA public records, Granite Bank has approved 198 SBA 7(a) loans totaling $49.0M since 2020. Their average loan size is $248K.
What states does Granite Bank serve?
Granite Bank serves businesses in 11 states: Arizona, Colorado, Georgia, Illinois, Indiana, Minnesota, North Carolina, North Dakota, Ohio, Texas, Wisconsin.
How do I apply for an SBA loan with Granite Bank?
To apply for an SBA 7(a) loan with Granite 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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