21st Century Bank

This is a financial institution offering SBA loan programs and business financing solutions designed to support small business growth and expansion.

It is recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on availability.

Standard hours are typically Monday through Friday, 9 am to 5 pm, but it’s best to contact the branch directly for specific times.

There are no fees to access basic information, but loan application and processing may involve fees such as guarantee fees and closing costs.

This lender primarily serves small business owners and entrepreneurs within its regional service area, but eligibility depends on meeting specific loan criteria.

A minimum personal credit score of around 650 is generally recommended, though approval depends on overall financial health and business viability.

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

Most banks keep weekday business hours and are closed on weekends, and 21st Century 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 21st Century Bank to confirm current weekend availability before you go.

21st Century 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 21st Century Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by 21st Century Bank itself, which runs its own lending under its own ownership. If you work at 21st Century Bank, you can claim this listing from this page to manage it.

The core details for 21st Century 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 21st Century Bank before applying. If you represent 21st Century Bank, claim this listing to keep its information up to date.

You can reach 21st Century Bank by phone at (763) 767-2178 or online at 21stcb.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 21st Century Bank before relying on them.

Based on its approved SBA loans, 21st Century Bank most often finances businesses in manufacturing, construction & contractors, medical practices & clinics, general retail, dental practices, and transportation & trucking. This reflects 21st Century 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 21st Century 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 21st Century Bank participates in SBA Express depends on its specific SBA lending authority. Contact 21st Century Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

21st Century Bank holds SBA Preferred Lender Program (PLP) status, consistently ranked among top Minnesota SBA Preferred Lenders. This enables faster loan approval decisions. Confirm current PLP status with the lender.

21st Century Bank offers start-up loans as part of their business lending programs. Contact their team to discuss eligibility and confirm current start-up financing options.

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 21st Century 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 21st Century 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 21st Century 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. 21st Century Bank weighs this case by case under its own policy, so be upfront about your history and ask 21st Century Bank how it evaluates prior bankruptcies.