Riverland Bank

This is a financial institution offering SBA loan programs designed to support small businesses. You can find assistance with business financing, including loans for expansion, equipment, and working capital. The staff is dedicated to helping entrepreneurs access the capital they need to grow and succeed.

It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-in consultations may also be available during business hours. Calling ahead can help streamline your visit and prepare necessary documents.

The bank operates during regular business hours from 9 am to 5 pm, Monday through Friday. It's best to contact the branch directly for specific appointment times or after-hours services.

There are no fees for initial consultations; however, standard loan application and closing fees may apply depending on the financing arrangement. Details are provided during the loan process.

This bank primarily serves local small business owners and residents in the region. Eligibility depends on meeting the specific loan criteria and business qualifications.

A minimum personal credit score of around 640 is generally preferred, but other factors such as business performance and collateral are also considered.

The underwriting process typically takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Riverland Bank 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 Riverland Bank to confirm current weekend availability before you go.

Riverland Bank 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.

This page is an independent directory listing for Riverland Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Riverland Bank itself, which runs its own lending under its own ownership. If you work at Riverland Bank, you can claim this listing from this page to manage it.

The core details for Riverland Bank — 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 Riverland Bank before applying. If you represent Riverland Bank, claim this listing to keep its information up to date.

You can reach Riverland Bank by phone at (952) 492-2750 or online at riverlandbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Riverland Bank before relying on them.

Based on its approved SBA loans, Riverland Bank most often finances businesses in manufacturing. This reflects Riverland Bank'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 Riverland Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Riverland Bank participates in SBA Express depends on its specific SBA lending authority. Contact Riverland Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. Riverland Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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. Riverland Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Riverland Bank directly whether it considers start-up loans.

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 Riverland Bank what down payment it expects for your specific commercial real estate purchase.

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 Riverland Bank to spell out any prepayment penalties before you sign.

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 Riverland Bank to confirm it qualifies and how to document it.

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. Riverland Bank weighs this case by case under its own policy, so be upfront about your history and ask Riverland Bank how it evaluates prior bankruptcies.