20
Loans Approved
$1.9M
Total Volume
$93K
Avg Loan Size
1
States Served
States Served
Top Industries Financed
- Drycleaning and Laundry Services (except Coin-Operated)
- Highway, Street, and Bridge Construction
- School and Employee Bus Transportation
- Other Clothing Stores
- General Rental Centers
About Lake Region Bank
Lake Region Bank is an SBA-approved lender headquartered in NEW LONDON, Minnesota. Since 2020, they have approved 20 SBA 7(a) loans totaling $1.9M, with an average loan size of $93K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They primarily serve businesses in Minnesota.
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