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Northern State Bank of Virginia

VIRGINIA, MN 55792

6
Loans Approved
$6.5M
Total Volume
$1.1M
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Couriers
  • Offices of Optometrists

Quick Summary

Northern State Bank of Virginia is an SBA-approved lender headquartered in VIRGINIA, Minnesota. Since 2020, they have approved 6 SBA 7(a) loans totaling $6.5M, with an average loan size of $1.1M. They primarily serve Minnesota businesses.

About Northern State Bank of Virginia

Northern State Bank of Virginia is an SBA-approved lender headquartered in VIRGINIA, Minnesota. Since 2020, they have approved 6 SBA 7(a) loans totaling $6.5M, with an average loan size of $1.1M. 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 Northern State Bank of Virginia an SBA Preferred Lender?

Northern State Bank of Virginia 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 Northern State Bank of Virginia approved?

According to SBA FOIA public records, Northern State Bank of Virginia has approved 6 SBA 7(a) loans totaling $6.5M since 2020. Their average loan size is $1.1M.

What states does Northern State Bank of Virginia serve?

Northern State Bank of Virginia primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Northern State Bank of Virginia?

To apply for an SBA 7(a) loan with Northern State Bank of Virginia, 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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