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The First State Bank of Rosemount

ROSEMOUNT, MN 55068

2
Loans Approved
$620K
Total Volume
$310K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Limited-Service Restaurants
  • Full-Service Restaurants

Quick Summary

The First State Bank of Rosemount is an SBA-approved lender headquartered in ROSEMOUNT, Minnesota. Since 2020, they have approved 2 SBA 7(a) loans totaling $620K, with an average loan size of $310K. They primarily serve Minnesota businesses.

About The First State Bank of Rosemount

The First State Bank of Rosemount is an SBA-approved lender headquartered in ROSEMOUNT, Minnesota. Since 2020, they have approved 2 SBA 7(a) loans totaling $620K, with an average loan size of $310K. 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 The First State Bank of Rosemount an SBA Preferred Lender?

The First State Bank of Rosemount 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 Rosemount approved?

According to SBA FOIA public records, The First State Bank of Rosemount has approved 2 SBA 7(a) loans totaling $620K since 2020. Their average loan size is $310K.

What states does The First State Bank of Rosemount serve?

The First State Bank of Rosemount primarily serves businesses in Minnesota.

How do I apply for an SBA loan with The First State Bank of Rosemount?

To apply for an SBA 7(a) loan with The First State Bank of Rosemount, 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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