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Mid Minnesota FCU

BAXTER, MN 56425

13
Loans Approved
$892K
Total Volume
$69K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Snack and Nonalcoholic Beverage Bars
  • General Automotive Repair
  • Fitness and Recreational Sports Centers
  • Offices of All Other Miscellaneous Health Practitioners
  • Fine Arts Schools

Quick Summary

Mid Minnesota FCU is an SBA-approved lender headquartered in BAXTER, Minnesota. Since 2020, they have approved 13 SBA 7(a) loans totaling $892K, with an average loan size of $69K. They primarily serve Minnesota businesses.

About Mid Minnesota FCU

Mid Minnesota FCU is an SBA-approved lender headquartered in BAXTER, Minnesota. Since 2020, they have approved 13 SBA 7(a) loans totaling $892K, with an average loan size of $69K. 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 Mid Minnesota FCU an SBA Preferred Lender?

Mid Minnesota FCU 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 Mid Minnesota FCU approved?

According to SBA FOIA public records, Mid Minnesota FCU has approved 13 SBA 7(a) loans totaling $892K since 2020. Their average loan size is $69K.

What states does Mid Minnesota FCU serve?

Mid Minnesota FCU primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Mid Minnesota FCU?

To apply for an SBA 7(a) loan with Mid Minnesota FCU, 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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