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Freeport State Bank

Freeport, MN 56331

4
Loans Approved
$1.2M
Total Volume
$303K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • General Freight Trucking, Long Distance, Truckload
  • Child Day Care Services
  • Offices of Chiropractors
  • Other Miscellaneous Durable Goods Merchant Wholesalers

Quick Summary

Freeport State Bank is an SBA-approved lender headquartered in Freeport, Minnesota. Since 2020, they have approved 4 SBA 7(a) loans totaling $1.2M, with an average loan size of $303K. They primarily serve Minnesota businesses.

About Freeport State Bank

Freeport State Bank is an SBA-approved lender headquartered in Freeport, Minnesota. Since 2020, they have approved 4 SBA 7(a) loans totaling $1.2M, with an average loan size of $303K. 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 Freeport State Bank an SBA Preferred Lender?

Freeport State 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 Freeport State Bank approved?

According to SBA FOIA public records, Freeport State Bank has approved 4 SBA 7(a) loans totaling $1.2M since 2020. Their average loan size is $303K.

What states does Freeport State Bank serve?

Freeport State Bank primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Freeport State Bank?

To apply for an SBA 7(a) loan with Freeport State 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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