Minnesota Lakes Bank

This is a bank that offers SBA loan programs and small business financing solutions, providing personalized guidance to help entrepreneurs access capital for growth and development.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may be available during business hours.

Minnesota Lakes Bank's lobby hours are Monday–Friday 9am–4pm, with drive-thru open Monday–Friday 8am–5pm; the Buffalo mortgage office is open by appointment Monday–Friday 9am–5pm. Please confirm specific hours for your location.

There are no fees for initial consultations; loan application and closing fees may apply depending on the loan type.

This bank primarily serves small business owners in the Delano area and surrounding regions, with a focus on local entrepreneurs.

A minimum personal credit score of 650 is generally preferred, though higher scores improve approval chances.

The underwriting process typically takes 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.

Minnesota Lakes Bank does not offer weekend hours; all locations operate Monday through Friday only.

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

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

You can reach Minnesota Lakes Bank by email at bank@mnlb.bank or by phone at (763) 972-3385.

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