Premier Bank Minnesota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Premier Bank Minnesota · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 24 | $1.9M | $79K | 17.6% |
| 722513 | Limited-Service Restaurants | 8 | $1.6M | $198K | 5.9% |
| 722511 | Full-Service Restaurants | 4 | $503K | $126K | 2.9% |
| 561730 | Landscaping Services | 4 | $184K | $46K | 2.9% |
| 722330 | Mobile Food Services | 4 | $250K | $63K | 2.9% |
| 811111 | General Automotive Repair | 3 | $303K | $101K | 2.2% |
| 713940 | Fitness and Recreational Sports Centers | 3 | $497K | $166K | 2.2% |
| 236220 | Commercial and Institutional Building Construction | 2 | $125K | $63K | 1.5% |
| 812990 | All Other Personal Services | 2 | $344K | $172K | 1.5% |
| 541211 | Offices of Certified Public Accountants | 2 | $265K | $133K | 1.5% |
Geographic Distribution
SBA lending activity for Premier Bank Minnesota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 134 | $16.7M | 98.5% |
| South Dakota (SD) | 2 | $200K | 1.5% |
Why Choose Premier Bank Minnesota?
Based on SBA 7(a) lending track record from 1992-2025
- ✓Proven Track Record: 136 SBA loans approved, totaling $16.9M in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Limited-Service Restaurants, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.70% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $10K to $845K, with an average of $125K
- ✓Nationwide Reach: Active lending in 2 states, with strong presence in MN, SD
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 Premier Bank Minnesota SBA lending
What types of businesses does Premier Bank Minnesota typically finance?
Premier Bank Minnesota specializes in SBA 7(a) lending to specific industries including offices of chiropractors, limited-service restaurants, full-service restaurants, landscaping services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Premier Bank Minnesota's typical SBA loan terms?
Premier Bank Minnesota's SBA 7(a) loans typically feature an average interest rate of 6.70% and average term length of 72 months (approximately 6 years). Loan sizes range from $10K to $845K, with an average loan size of $125K.
Do I need a business valuation for a Premier Bank Minnesota SBA loan?
Yes, Premier Bank Minnesota 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 Premier Bank Minnesota compare to other SBA lenders?
Premier Bank Minnesota has originated 136 SBA loans totaling $16.9M since 1992. 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 Premier Bank Minnesota lend in?
Premier Bank Minnesota provides SBA 7(a) financing with particularly strong presence in MN, SD. 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?
Certified valuations are often required for SBA loans over $250,000.
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