EntreBank
EntreBank is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 7 Google reviews.
About EntreBank
EntreBank offers comprehensive SBA lending solutions tailored to small and medium-sized businesses seeking financial support for growth, equipment, or operational needs. With a focus on personalized service, it provides access to SBA 7(a) loans, which are ideal for working capital, expansion, and acquisition purposes. The bank prides itself on its ability to handle large approval amounts, up to $1,593,000, ensuring that clients have the financial resources needed to achieve their business goals. Its experienced team guides borrowers through the application process, providing expert advice on loan structuring and eligibility. Whether you're a startup or an established business, EntreBank's flexible lending options and dedicated support make it a strong partner for your financial journey. The bank's commitment to small business success is reflected in its tailored solutions and local expertise, helping entrepreneurs thrive in the competitive marketplace.
Industries EntreBank finances
Business types EntreBank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about EntreBank
What is this place and what can I find here?
This is a financial institution offering SBA loan programs to support small and medium-sized businesses with funding for growth, equipment, and operational needs. You can find personalized assistance and access to various SBA loan options tailored to your business goals.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may also be available during business hours.
What are the hours of operation?
EntreBank operates Monday through Friday from 9:00 AM to 4:00 PM. Bankers may be available beyond these hours. Please confirm current hours directly with EntreBank.
Is there a fee to use this?
There are no fees for initial consultations; however, loan processing and closing may involve fees such as guarantee fees, closing costs, and interest charges, which will be disclosed upfront.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small and medium-sized businesses within its regional area, but eligibility is based on business criteria rather than residency alone.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is generally preferred, though other factors like business performance and collateral are also considered.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and EntreBank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call EntreBank to confirm current weekend availability before you go.
How do I get there and where do I park?
EntreBank is located in Minnesota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for EntreBank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by EntreBank itself, which runs its own lending under its own ownership. If you work at EntreBank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for EntreBank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with EntreBank before applying. If you represent EntreBank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach EntreBank by phone at (651) 384-4600 or through their contact form at entrebank.com/contact-us/ for specific lending inquiries. Please confirm your SBA loan needs directly with EntreBank.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, EntreBank most often finances businesses in construction & contractors. This reflects EntreBank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with EntreBank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether EntreBank participates in SBA Express depends on its specific SBA lending authority. Contact EntreBank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. EntreBank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. EntreBank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask EntreBank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask EntreBank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask EntreBank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with EntreBank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. EntreBank weighs this case by case under its own policy, so be upfront about your history and ask EntreBank how it evaluates prior bankruptcies.
