States Served
Top Industries Financed
- Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal
- Full-Service Restaurants
- New Multifamily Housing Construction (except Operative Builders)
Quick Summary
HomeTown Bank is an SBA-approved lender headquartered in Carver, Minnesota. Since 2020, they have approved 3 SBA 7(a) loans totaling $6.4M, with an average loan size of $2.1M. They primarily serve Minnesota businesses.
About HomeTown Bank
HomeTown Bank is an SBA-approved lender headquartered in Carver, Minnesota. Since 2020, they have approved 3 SBA 7(a) loans totaling $6.4M, with an average loan size of $2.1M. They primarily serve businesses in Minnesota.
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Frequently Asked Questions
Is HomeTown Bank an SBA Preferred Lender?
HomeTown 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 HomeTown Bank approved?
According to SBA FOIA public records, HomeTown Bank has approved 3 SBA 7(a) loans totaling $6.4M since 2020. Their average loan size is $2.1M.
What states does HomeTown Bank serve?
HomeTown Bank primarily serves businesses in Minnesota.
How do I apply for an SBA loan with HomeTown Bank?
To apply for an SBA 7(a) loan with HomeTown 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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