Citizens State Bank of Roseau
SBA 7(a) Lending Profile · FY 2025 analysis
Industry Focus
Top industries served by Citizens State Bank of Roseau
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 811111 | General Automotive Repair | 8 | $3.4M | $430K | 33.3% |
| 423310 | Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers | 8 | $23.0M | $2.9M | 33.3% |
| 812210 | Funeral Homes and Funeral Services | 8 | $19.0M | $2.4M | 33.3% |
Geographic Distribution
SBA lending activity for Citizens State Bank of Roseau by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 24 | $45.5M | 100.0% |
Why Choose Citizens State Bank of Roseau?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 24 SBA loans approved, totaling $45.5M in financing
- ✓Industry Expertise: Specialized focus on General Automotive Repair, Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers, Funeral Homes and Funeral Services
- ✓Competitive Terms: Average interest rate of 6.92% with flexible term lengths averaging 200 months
- ✓Loan Range: Loan sizes from $430K to $2.9M, with an average of $1.9M
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Citizens State Bank of Roseau SBA lending
What types of businesses does Citizens State Bank of Roseau typically finance?
Citizens State Bank of Roseau specializes in SBA 7(a) lending to specific industries including general automotive repair, lumber, plywood, millwork, and wood panel merchant wholesalers, funeral homes and funeral services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Citizens State Bank of Roseau's typical SBA loan terms?
Citizens State Bank of Roseau's SBA 7(a) loans typically feature an average interest rate of 6.92% and average term length of 200 months (approximately 17 years). Loan sizes range from $430K to $2.9M, with an average loan size of $1.9M.
Do I need a business valuation for a Citizens State Bank of Roseau SBA loan?
Yes, Citizens State Bank of Roseau typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Citizens State Bank of Roseau compare to other SBA lenders?
Citizens State Bank of Roseau has originated 24 SBA loans totaling $45.5M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Citizens State Bank of Roseau lend in?
Citizens State Bank of Roseau provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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