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Citizens State Bank of Roseau

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Description

Citizens State Bank of Roseau offers comprehensive SBA loan services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized banking solutions, the bank provides access to various SBA programs including 7(a) loans, which are ideal for a wide range of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank’s experienced lending team guides clients through the application process, ensuring clarity and support at every step. Their expertise in SBA lending helps businesses secure funding efficiently, with competitive terms and flexible repayment options. Located in Roseau, Minnesota, the bank serves local businesses while also supporting regional economic development efforts. Whether you’re starting a new venture or expanding an existing one, Citizens State Bank of Roseau is committed to helping entrepreneurs achieve their goals through tailored financial solutions and dedicated service.

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Q&A

Lender Type
Commercial Bank
Google Rating
3.6
Google Review Count
16
Question 1
What is this place and what can I find here?
Answer 1
This is a local bank offering SBA loan programs and personalized financial services to support small and medium-sized businesses in the Roseau area and beyond.
Question 2
Do I need an appointment or can I walk in?
Answer 2
It"s recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-ins are also welcome during business hours.
Question 3
What are the hours of operation?
Answer 3
The bank operates Monday through Friday from 8:30 AM to 4:30 PM, with additional hours by appointment.
Question 4
Is there a fee to use this?
Answer 4
There are no fees for accessing basic banking services; fees may apply for specific loan processing or advisory services.
Question 5
Who is this open to — anyone, or only residents/members?
Answer 5
This bank primarily serves residents and businesses within the region, but SBA loan programs are available to eligible applicants nationwide.
Question 6
What minimum personal credit score does this bank look for in a guarantor?
Answer 6
A minimum personal credit score of 640 or higher is typically required for guarantors.
Question 7
How long does the traditional underwriting process take from start to close?
Answer 7
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
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