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Citizens Independent Bank

SAINT LOUIS PARK, MN 55416

4
Loans Approved
$5.2M
Total Volume
$1.3M
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Full-Service Restaurants
  • Plumbing, Heating, and Air-Conditioning Contractors

Quick Summary

Citizens Independent Bank is an SBA-approved lender headquartered in SAINT LOUIS PARK, Minnesota. Since 2020, they have approved 4 SBA 7(a) loans totaling $5.2M, with an average loan size of $1.3M. They primarily serve Minnesota businesses.

About Citizens Independent Bank

Citizens Independent Bank is an SBA-approved lender headquartered in SAINT LOUIS PARK, Minnesota. Since 2020, they have approved 4 SBA 7(a) loans totaling $5.2M, with an average loan size of $1.3M. They primarily serve businesses in Minnesota.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Citizens Independent Bank an SBA Preferred Lender?

Citizens Independent Bank is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has Citizens Independent Bank approved?

According to SBA FOIA public records, Citizens Independent Bank has approved 4 SBA 7(a) loans totaling $5.2M since 2020. Their average loan size is $1.3M.

What states does Citizens Independent Bank serve?

Citizens Independent Bank primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Citizens Independent Bank?

To apply for an SBA 7(a) loan with Citizens Independent Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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