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Minnesota Lakes Bank

DELANO, MN 55328

21
Loans Approved
$6.2M
Total Volume
$295K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Landscaping Services
  • Full-Service Restaurants
  • Metal Tank (Heavy Gauge) Manufacturing
  • Masonry Contractors
  • Limited-Service Restaurants

Quick Summary

Minnesota Lakes Bank is an SBA-approved lender headquartered in DELANO, Minnesota. Since 2020, they have approved 21 SBA 7(a) loans totaling $6.2M, with an average loan size of $295K. They primarily serve Minnesota businesses.

About Minnesota Lakes Bank

Minnesota Lakes Bank is an SBA-approved lender headquartered in DELANO, Minnesota. Since 2020, they have approved 21 SBA 7(a) loans totaling $6.2M, with an average loan size of $295K. 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 Minnesota Lakes Bank an SBA Preferred Lender?

Minnesota Lakes 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 Minnesota Lakes Bank approved?

According to SBA FOIA public records, Minnesota Lakes Bank has approved 21 SBA 7(a) loans totaling $6.2M since 2020. Their average loan size is $295K.

What states does Minnesota Lakes Bank serve?

Minnesota Lakes Bank primarily serves businesses in Minnesota.

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

To apply for an SBA 7(a) loan with Minnesota Lakes 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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