Community Resource Bank

This is a community-focused bank that provides small business loans, including SBA financing options, to support local entrepreneurs and business growth.

You can walk in during business hours or schedule an appointment for a more personalized consultation with their lending team.

The bank is typically open Monday through Friday from 9 am to 5 pm, but it's best to check with your local branch for specific hours.

There are no fees to visit or inquire; however, loan processing and application fees may apply depending on the financing option.

This bank primarily serves local residents and small business owners within the community, but they also welcome new clients seeking SBA loans.

A minimum personal credit score of approximately 640 is generally required, though higher scores improve approval chances.

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

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

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

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

You can reach Community Resource Bank by phone at (507) 645-4441 or online at crb.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 Community Resource Bank before relying on them.

Based on its approved SBA loans, Community Resource Bank most often finances businesses in manufacturing, general retail, construction & contractors, fitness & recreation, food manufacturing & processing, and restaurants & food service. This reflects Community Resource 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 Community Resource 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 Community Resource Bank participates in SBA Express depends on its specific SBA lending authority. Contact Community Resource 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. Community Resource 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. Community Resource Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Community Resource 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 Community Resource 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 Community Resource 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 Community Resource 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. Community Resource Bank weighs this case by case under its own policy, so be upfront about your history and ask Community Resource Bank how it evaluates prior bankruptcies.