States Served
Top Industries Financed
- Support Activities for Animal Production
- Tax Preparation Services
- General Freight Trucking, Long Distance, Truckload
Quick Summary
Security Bank Minnesota is an SBA-approved lender headquartered in Albert Lea, Minnesota. Since 2020, they have approved 7 SBA 7(a) loans totaling $510K, with an average loan size of $73K. They primarily serve Minnesota businesses.
About Security Bank Minnesota
Security Bank Minnesota is an SBA-approved lender headquartered in Albert Lea, Minnesota. Since 2020, they have approved 7 SBA 7(a) loans totaling $510K, with an average loan size of $73K. They primarily serve businesses in Minnesota.
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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 Security Bank Minnesota an SBA Preferred Lender?
Security Bank Minnesota 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 Security Bank Minnesota approved?
According to SBA FOIA public records, Security Bank Minnesota has approved 7 SBA 7(a) loans totaling $510K since 2020. Their average loan size is $73K.
What states does Security Bank Minnesota serve?
Security Bank Minnesota primarily serves businesses in Minnesota.
How do I apply for an SBA loan with Security Bank Minnesota?
To apply for an SBA 7(a) loan with Security Bank Minnesota, 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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