Citizens Bank Minnesota

This is a local bank that offers SBA loan programs to help small businesses grow and succeed. You can find personalized financial support, loan options, and guidance through the application process to secure funding for your business needs.

It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also accommodated depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.

The bank's typical hours are Monday through Friday from 9:00 AM to 5:00 PM. It is advisable to check with the branch directly for specific hours or appointment availability.

There are no fees for visiting the bank, but loan applications and processing may involve standard fees such as guarantee fees, closing costs, or service charges associated with SBA loans.

This bank primarily serves local residents and businesses within Minnesota, but they also support regional clients seeking SBA financing solutions.

A minimum personal credit score of around 640 is generally preferred, though specific requirements can vary based on the loan and borrower profile.

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 Citizens Bank Minnesota 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 Citizens Bank Minnesota to confirm current weekend availability before you go.

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

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

You can reach Citizens Bank Minnesota by phone at (507) 354-3165 or online at citizensmn.bank — 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 Citizens Bank Minnesota before relying on them.

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

Citizens Bank Minnesota offers SBA Express loans, a streamlined and expedited loan program for smaller financing needs; contact their business lending department for eligibility requirements.

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. Citizens Bank Minnesota 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. Citizens Bank Minnesota's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Citizens Bank Minnesota 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 Citizens Bank Minnesota 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 Citizens Bank Minnesota 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 Citizens Bank Minnesota 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. Citizens Bank Minnesota weighs this case by case under its own policy, so be upfront about your history and ask Citizens Bank Minnesota how it evaluates prior bankruptcies.