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ProGrowth Bank

NICOLLET, MN 56074

22
Loans Approved
$5.3M
Total Volume
$242K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Machine Shops
  • Landscaping Services
  • All Other Specialty Trade Contractors
  • Petroleum Bulk Stations and Terminals
  • Other Personal and Household Goods Repair and Maintenance

Quick Summary

ProGrowth Bank is an SBA-approved lender headquartered in NICOLLET, Minnesota. Since 2020, they have approved 22 SBA 7(a) loans totaling $5.3M, with an average loan size of $242K. They primarily serve Minnesota businesses.

About ProGrowth Bank

ProGrowth Bank is an SBA-approved lender headquartered in NICOLLET, Minnesota. Since 2020, they have approved 22 SBA 7(a) loans totaling $5.3M, with an average loan size of $242K. 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 ProGrowth Bank an SBA Preferred Lender?

ProGrowth 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 ProGrowth Bank approved?

According to SBA FOIA public records, ProGrowth Bank has approved 22 SBA 7(a) loans totaling $5.3M since 2020. Their average loan size is $242K.

What states does ProGrowth Bank serve?

ProGrowth Bank primarily serves businesses in Minnesota.

How do I apply for an SBA loan with ProGrowth Bank?

To apply for an SBA 7(a) loan with ProGrowth 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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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days