Star Bank
Star Bank is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 3.0 stars across 12 Google reviews.
$4M
in SBA approvals since 2010
35
SBA loans funded
Construction & Contractors · Cleaning, Landscaping & Janitorial · Restaurants & Food Service
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Star Bank
Specializing in small business financing, this commercial bank offers a range of SBA loan programs designed to support entrepreneurs and business owners. Whether you're seeking funding for startup costs, expansion, or working capital, they provide tailored solutions to meet your needs. Their experienced team guides clients through the application process, ensuring clarity and support at every step. With a focus on community development and small business growth, they serve clients across various industries, helping turn business ideas into reality. The bank's commitment to personalized service and flexible lending options makes them a trusted partner for local entrepreneurs seeking SBA-backed loans.
Industries Star Bank finances
Business types Star Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Star Bank
What is this place and what can I find here?
This is a commercial bank that provides small business financing options, including SBA loans, to support entrepreneurs and local businesses in the community.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
Star Bank's Maple Lake branch operates Monday–Friday with lobby hours of 8:30 am–4:30 pm (extending to 5:30 pm on Thursday), and drive-thru hours of 8:00 am–5:00 pm Monday–Wednesday and 8:00 am–5:30 pm Thursday–Friday. Confirm current hours directly with Star Bank at (320) 558-8001.
Is there a fee to use this?
There are no fees for visiting the bank; however, loan application and processing fees may apply depending on the loan type.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local small business owners and residents within the region, but they welcome qualified applicants from outside the immediate area as well.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred for loan approval.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes around 30 to 45 days, depending on the completeness of documentation and loan complexity.
Is this open on weekends?
Star Bank's Maple Lake branch lobby is closed on weekends; however, the drive-thru offers limited Saturday hours (9:00 am–12:00 pm) with restricted services. Sunday is fully closed. Confirm weekend availability with the branch.
How do I get there and where do I park?
Star 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.
Who owns or operates this listing?
This page is an independent directory listing for Star Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Star Bank itself, which runs its own lending under its own ownership. If you work at Star Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Star 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 Star Bank before applying. If you represent Star Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
Star Bank's Maple Lake branch can be reached at (320) 558-8001 or (320) 963-6163. Confirm with the branch which number routes to SBA lending specialists.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Star Bank most often finances businesses in cleaning, landscaping & janitorial and construction & contractors. This reflects Star 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 Star Bank 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 Star Bank participates in SBA Express depends on its specific SBA lending authority. Contact Star Bank 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. Star Bank 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. Star Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Star Bank 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 Star Bank 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 Star Bank 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 Star Bank 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. Star Bank weighs this case by case under its own policy, so be upfront about your history and ask Star Bank how it evaluates prior bankruptcies.
