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The Bank of Elk River

ELK RIVER, MN 55330

⭐ SBA Preferred Lender
76
Loans Approved
$47.0M
Total Volume
$619K
Avg Loan Size
2
States Served

States Served

MinnesotaWisconsin

Top Industries Financed

  • Offices of Chiropractors
  • Machine Shops
  • Site Preparation Contractors
  • Electrical Contractors
  • General Automotive Repair

About The Bank of Elk River

The Bank of Elk River is an SBA-approved lender headquartered in ELK RIVER, Minnesota. Since 2020, they have approved 76 SBA 7(a) loans totaling $47.0M, with an average loan size of $619K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 2 states.

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