States Served
Top Industries Financed
- Poured Concrete Foundation and Structure Contractors
- Power and Communication Line and Related Structures Construction
- Home Health Care Services
- Drywall and Insulation Contractors
- Book Stores
Quick Summary
The First National Bank of Henning is an SBA-approved lender headquartered in OTTERTAIL, Minnesota. Since 2020, they have approved 16 SBA 7(a) loans totaling $4.0M, with an average loan size of $250K. They primarily serve Minnesota businesses.
About The First National Bank of Henning
The First National Bank of Henning is an SBA-approved lender headquartered in OTTERTAIL, Minnesota. Since 2020, they have approved 16 SBA 7(a) loans totaling $4.0M, with an average loan size of $250K. They primarily serve businesses in Minnesota.
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Frequently Asked Questions
Is The First National Bank of Henning an SBA Preferred Lender?
The First National Bank of Henning 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 First National Bank of Henning approved?
According to SBA FOIA public records, The First National Bank of Henning has approved 16 SBA 7(a) loans totaling $4.0M since 2020. Their average loan size is $250K.
What states does The First National Bank of Henning serve?
The First National Bank of Henning primarily serves businesses in Minnesota.
How do I apply for an SBA loan with The First National Bank of Henning?
To apply for an SBA 7(a) loan with The First National Bank of Henning, 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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