Citizens State Bank of Roseau
Citizens State Bank of Roseau is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 3.6 stars across 16 Google reviews.
$7M
in SBA approvals since 2011
5
SBA loans funded
Wholesale & Distribution · Transportation & Trucking · Automotive Repair & Services
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Citizens State Bank of Roseau
Citizens State Bank of Roseau offers comprehensive SBA loan services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized banking solutions, the bank provides access to various SBA programs including 7(a) loans, which are ideal for a wide range of business purposes such as working capital, equipment purchase, or real estate acquisition. The bank's experienced lending team guides clients through the application process, ensuring clarity and support at every step. Their expertise in SBA lending helps businesses secure funding efficiently, with competitive terms and flexible repayment options. Located in Roseau, Minnesota, the bank serves local businesses while also supporting regional economic development efforts. Whether you're starting a new venture or expanding an existing one, Citizens State Bank of Roseau is committed to helping entrepreneurs achieve their goals through tailored financial solutions and dedicated service.
Common questions about Citizens State Bank of Roseau
What is this place and what can I find here?
This is a local bank offering SBA loan programs and personalized financial services to support small and medium-sized businesses in the Roseau area and beyond.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a lending specialist, but walk-ins are also welcome during business hours.
What are the hours of operation?
Citizens State Bank of Roseau's lobby is open Monday through Friday from 9:00 AM to 5:00 PM, with drive-up hours from 8:00 AM to 5:00 PM. They are also open Saturdays from 8:30 AM to 12:00 PM. Please contact the bank to confirm these hours.
Is there a fee to use this?
There are no fees for accessing basic banking services; fees may apply for specific loan processing or advisory services.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and businesses within the region, but SBA loan programs are available to eligible applicants nationwide.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 or higher is typically required for guarantors.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
Yes, Citizens State Bank of Roseau is open on Saturdays from 8:30 AM to 12:00 PM for lobby service and 8:00 AM to 12:00 PM for drive-up. Please confirm current weekend hours with the bank.
How do I get there and where do I park?
Citizens State Bank of Roseau 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 Citizens State Bank of Roseau, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Citizens State Bank of Roseau itself, which runs its own lending under its own ownership. If you work at Citizens State Bank of Roseau, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Citizens State Bank of Roseau — 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 State Bank of Roseau before applying. If you represent Citizens State Bank of Roseau, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Citizens State Bank of Roseau by phone at (218) 463-2135 or online at citizensros.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 Citizens State Bank of Roseau before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Citizens State Bank of Roseau can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Citizens State Bank of Roseau directly which industries 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 Citizens State Bank of Roseau participates in SBA Express depends on its specific SBA lending authority. Contact Citizens State Bank of Roseau 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. Citizens State Bank of Roseau 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. Citizens State Bank of Roseau's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Citizens State Bank of Roseau 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 Citizens State Bank of Roseau 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 Citizens State Bank of Roseau 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 Citizens State Bank of Roseau 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. Citizens State Bank of Roseau weighs this case by case under its own policy, so be upfront about your history and ask Citizens State Bank of Roseau how it evaluates prior bankruptcies.
