Think Mutual Bank
Think Mutual Bank is an active SBA lender in Minnesota, a bank offering SBA-guaranteed small-business loans. Currently rated 3.7 stars across 40 Google reviews.
$3M
in SBA approvals since 2010
15
SBA loans funded
Restaurants & Food Service · Mental Health Services · Veterinary Services
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Think Mutual Bank
Think Mutual Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth and development. With a focus on personalized service, they provide various loan options including the SBA 7(a) program, which is ideal for working capital, equipment purchases, and expansion projects. Their experienced team guides clients through the application process, ensuring clarity and efficiency from start to finish. Located in Rochester, MN, they serve a broad range of industries, emphasizing community banking values and local economic development. The bank is committed to supporting entrepreneurs by offering flexible terms and competitive rates, making it easier to access capital for your business needs. Whether you're starting a new venture or expanding an existing one, Think Mutual Bank is dedicated to helping you achieve your goals with customized financing solutions and attentive customer service.
Common questions about Think Mutual Bank
What is this place and what can I find here?
This is a community-focused bank offering SBA loan programs and personalized financial services to support small business growth in Rochester, MN.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins are also welcome during business hours.
What are the hours of operation?
The West Circle Drive branch lobby operates Monday through Friday from 8:00 a.m. to 6:00 p.m., and Saturday from 9:00 a.m. to 12:30 p.m.; drive-up hours are 7:30 a.m. to 6:00 p.m. weekdays and 9:00 a.m. to 12:30 p.m. Saturday. Please confirm with Think Mutual Bank for current hours.
Is there a fee to use this?
Yes, fees may apply depending on the loan type and amount; these are discussed during the application process.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small businesses in the Rochester area, but some services may be available to non-residents with qualifying criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum credit score of approximately 640 is generally preferred, though final decisions depend on overall creditworthiness.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes 2 to 4 weeks, depending on the completeness of the application and documentation provided.
Is this open on weekends?
Yes, Think Mutual Bank's West Circle Drive branch is open Saturday from 9:00 a.m. to 12:30 p.m. (both lobby and drive-up). Please confirm with the lender for any holidays.
How do I get there and where do I park?
Think Mutual 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.
Who owns or operates this listing?
This page is an independent directory listing for Think Mutual Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Think Mutual Bank itself, which runs its own lending under its own ownership. If you work at Think Mutual Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Think Mutual 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 Think Mutual Bank before applying. If you represent Think Mutual Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Think Mutual Bank's West Circle Drive branch at (507) 288-3425, or submit an inquiry via thinkbank.com/connect/contact-us. Please confirm with the bank for their business lending department.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Think Mutual Bank 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 Think Mutual Bank 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 Think Mutual Bank participates in SBA Express depends on its specific SBA lending authority. Contact Think Mutual Bank 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. Think Mutual Bank 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. Think Mutual Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Think Mutual Bank 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 Think Mutual Bank 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 Think Mutual Bank 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 Think Mutual Bank 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. Think Mutual Bank weighs this case by case under its own policy, so be upfront about your history and ask Think Mutual Bank how it evaluates prior bankruptcies.
