F and M Community Bank National Association
F and M Community Bank National Association is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 3.9 stars across 7 Google reviews.
$2M
in SBA approvals since 2010
8
SBA loans funded
General Retail · Restaurants & Food Service · Food Manufacturing & Processing
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About F and M Community Bank National Association
F and M Community Bank National Association offers comprehensive SBA lending options tailored to small businesses seeking financial support for growth, expansion, or operational needs. The bank specializes in providing accessible financing solutions with a focus on small business success, leveraging its experience with SBA programs to facilitate loans that meet diverse business requirements. With a strong local presence, it supports entrepreneurs through personalized service and flexible lending criteria, making it a reliable partner for small business owners in the Preston area and beyond. The bank's expertise includes SBA 7(a) loans, which are ideal for working capital, equipment purchase, or real estate acquisition, with approval amounts reaching up to $189,000. Its commitment to supporting small businesses is reflected in its tailored approach, ensuring clients receive the funding they need to thrive and grow in competitive markets.
Common questions about F and M Community Bank National Association
What is this place and what can I find here?
This is a community bank offering SBA lending services to small businesses, providing financing options such as SBA 7(a) loans to support business growth and expansion.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to discuss your financing needs, but walk-in consultations may be available during business hours.
What are the hours of operation?
The bank operates from 9:00 AM to 5:00 PM, Monday through Friday, but hours may vary, so it's best to contact ahead of your visit.
Is there a fee to use this?
There are no fees for simply visiting or consulting; fees are associated with loan processing and closing costs, which will be disclosed upfront.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and small business owners within its regional area, but eligibility criteria apply based on creditworthiness and loan purpose.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is typically required, but stronger scores improve loan approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes 2 to 4 weeks, depending on the completeness of your application and supporting documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and F and M Community Bank National Association 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 F and M Community Bank National Association to confirm current weekend availability before you go.
How do I get there and where do I park?
F and M Community Bank National Association 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 F and M Community Bank National Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by F and M Community Bank National Association itself, which runs its own lending under its own ownership. If you work at F and M Community Bank National Association, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for F and M Community Bank National Association — 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 F and M Community Bank National Association before applying. If you represent F and M Community Bank National Association, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach F and M Community Bank National Association by phone at (507) 765-3823 or online at fmcommunity.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 F and M Community Bank National Association before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, F and M Community Bank National Association 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 F and M Community Bank National Association 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 F and M Community Bank National Association participates in SBA Express depends on its specific SBA lending authority. Contact F and M Community Bank National Association 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. F and M Community Bank National Association 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. F and M Community Bank National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask F and M Community Bank National Association 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 F and M Community Bank National Association 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 F and M Community Bank National Association 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 F and M Community Bank National Association 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. F and M Community Bank National Association weighs this case by case under its own policy, so be upfront about your history and ask F and M Community Bank National Association how it evaluates prior bankruptcies.
