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Community Bank Owatonna

OWATONNA, MN 55060

7
Loans Approved
$655K
Total Volume
$94K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Sporting Goods Stores
  • Limited-Service Restaurants
  • Landscaping Services
  • Offices of Mental Health Practitioners (except Physicians)

Quick Summary

Community Bank Owatonna is an SBA-approved lender headquartered in OWATONNA, Minnesota. Since 2020, they have approved 7 SBA 7(a) loans totaling $655K, with an average loan size of $94K. They primarily serve Minnesota businesses.

About Community Bank Owatonna

Community Bank Owatonna is an SBA-approved lender headquartered in OWATONNA, Minnesota. Since 2020, they have approved 7 SBA 7(a) loans totaling $655K, with an average loan size of $94K. 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 Community Bank Owatonna an SBA Preferred Lender?

Community Bank Owatonna 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 Community Bank Owatonna approved?

According to SBA FOIA public records, Community Bank Owatonna has approved 7 SBA 7(a) loans totaling $655K since 2020. Their average loan size is $94K.

What states does Community Bank Owatonna serve?

Community Bank Owatonna primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Community Bank Owatonna?

To apply for an SBA 7(a) loan with Community Bank Owatonna, 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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