States Served
Top Industries Financed
- Sporting and Recreational Goods and Supplies Merchant Wholesalers
- Hotels (except Casino Hotels) and Motels
Quick Summary
Perennial Bank is an SBA-approved lender headquartered in DARWIN, Minnesota. Since 2020, they have approved 3 SBA 7(a) loans totaling $768K, with an average loan size of $256K. They primarily serve Minnesota businesses.
About Perennial Bank
Perennial Bank is an SBA-approved lender headquartered in DARWIN, Minnesota. Since 2020, they have approved 3 SBA 7(a) loans totaling $768K, with an average loan size of $256K. They primarily serve businesses in Minnesota.
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Frequently Asked Questions
Is Perennial Bank an SBA Preferred Lender?
Perennial 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 Perennial Bank approved?
According to SBA FOIA public records, Perennial Bank has approved 3 SBA 7(a) loans totaling $768K since 2020. Their average loan size is $256K.
What states does Perennial Bank serve?
Perennial Bank primarily serves businesses in Minnesota.
How do I apply for an SBA loan with Perennial Bank?
To apply for an SBA 7(a) loan with Perennial 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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