States Served
Top Industries Financed
- Full-Service Restaurants
Quick Summary
The First State Bank of Red Wing is an SBA-approved lender headquartered in RED WING, Minnesota. Since 2020, they have approved 1 SBA 7(a) loans totaling $994K, with an average loan size of $994K. They primarily serve Minnesota businesses.
About The First State Bank of Red Wing
The First State Bank of Red Wing is an SBA-approved lender headquartered in RED WING, Minnesota. Since 2020, they have approved 1 SBA 7(a) loans totaling $994K, with an average loan size of $994K. They primarily serve businesses in Minnesota.
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Frequently Asked Questions
Is The First State Bank of Red Wing an SBA Preferred Lender?
The First State Bank of Red Wing 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 The First State Bank of Red Wing approved?
According to SBA FOIA public records, The First State Bank of Red Wing has approved 1 SBA 7(a) loans totaling $994K since 2020. Their average loan size is $994K.
What states does The First State Bank of Red Wing serve?
The First State Bank of Red Wing primarily serves businesses in Minnesota.
How do I apply for an SBA loan with The First State Bank of Red Wing?
To apply for an SBA 7(a) loan with The First State Bank of Red Wing, 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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