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The Citizens National Bank of Park Rapids

PARK RAPIDS, MN 56470

26
Loans Approved
$5.8M
Total Volume
$222K
Avg Loan Size
3
States Served

States Served

Top Industries Financed

  • Hotels (except Casino Hotels) and Motels
  • Title Abstract and Settlement Offices
  • All Other Miscellaneous Store Retailers (except Tobacco Stores)
  • All Other Automotive Repair and Maintenance
  • Logging

Quick Summary

The Citizens National Bank of Park Rapids is an SBA-approved lender headquartered in PARK RAPIDS, Minnesota. Since 2020, they have approved 26 SBA 7(a) loans totaling $5.8M, with an average loan size of $222K. They serve businesses across 3 states.

About The Citizens National Bank of Park Rapids

The Citizens National Bank of Park Rapids is an SBA-approved lender headquartered in PARK RAPIDS, Minnesota. Since 2020, they have approved 26 SBA 7(a) loans totaling $5.8M, with an average loan size of $222K. They serve businesses across 3 states.

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Frequently Asked Questions

Is The Citizens National Bank of Park Rapids an SBA Preferred Lender?

The Citizens National Bank of Park Rapids 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 The Citizens National Bank of Park Rapids approved?

According to SBA FOIA public records, The Citizens National Bank of Park Rapids has approved 26 SBA 7(a) loans totaling $5.8M since 2020. Their average loan size is $222K.

What states does The Citizens National Bank of Park Rapids serve?

The Citizens National Bank of Park Rapids serves businesses in 3 states: Minnesota, North Dakota, Nebraska.

How do I apply for an SBA loan with The Citizens National Bank of Park Rapids?

To apply for an SBA 7(a) loan with The Citizens National Bank of Park Rapids, 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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