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Glenwood State Bank Incorporated

GLENWOOD, MN 56334

8
Loans Approved
$7.2M
Total Volume
$902K
Avg Loan Size
2
States Served

States Served

MinnesotaNorth Dakota

Top Industries Financed

  • Beer, Wine, and Liquor Stores
  • Commercial and Institutional Building Construction
  • Commercial Gravure Printing
  • Offices of Lawyers
  • Offices of Real Estate Agents and Brokers

Quick Summary

Glenwood State Bank Incorporated is an SBA-approved lender headquartered in GLENWOOD, Minnesota. Since 2020, they have approved 8 SBA 7(a) loans totaling $7.2M, with an average loan size of $902K. They serve businesses across 2 states.

About Glenwood State Bank Incorporated

Glenwood State Bank Incorporated is an SBA-approved lender headquartered in GLENWOOD, Minnesota. Since 2020, they have approved 8 SBA 7(a) loans totaling $7.2M, with an average loan size of $902K. They serve businesses across 2 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Glenwood State Bank Incorporated an SBA Preferred Lender?

Glenwood State Bank Incorporated 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 Glenwood State Bank Incorporated approved?

According to SBA FOIA public records, Glenwood State Bank Incorporated has approved 8 SBA 7(a) loans totaling $7.2M since 2020. Their average loan size is $902K.

What states does Glenwood State Bank Incorporated serve?

Glenwood State Bank Incorporated serves businesses in 2 states: Minnesota, North Dakota.

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

To apply for an SBA 7(a) loan with Glenwood State Bank Incorporated, 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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