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Welcome State Bank

WELCOME, MN 56181

11
Loans Approved
$1.5M
Total Volume
$135K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Corn Farming
  • Hog and Pig Farming
  • Landscaping Services
  • Insurance Agencies and Brokerages
  • All Other Support Services

Quick Summary

Welcome State Bank is an SBA-approved lender headquartered in WELCOME, Minnesota. Since 2020, they have approved 11 SBA 7(a) loans totaling $1.5M, with an average loan size of $135K. They primarily serve Minnesota businesses.

About Welcome State Bank

Welcome State Bank is an SBA-approved lender headquartered in WELCOME, Minnesota. Since 2020, they have approved 11 SBA 7(a) loans totaling $1.5M, with an average loan size of $135K. 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 Welcome State Bank an SBA Preferred Lender?

Welcome State 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 Welcome State Bank approved?

According to SBA FOIA public records, Welcome State Bank has approved 11 SBA 7(a) loans totaling $1.5M since 2020. Their average loan size is $135K.

What states does Welcome State Bank serve?

Welcome State Bank primarily serves businesses in Minnesota.

How do I apply for an SBA loan with Welcome State Bank?

To apply for an SBA 7(a) loan with Welcome State 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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