First Resource Bank
MN
SBA-approved lender offering 7 loan programs across 15 industries.
Key Metrics
Interest Rate
8.46%
1.71% over prime
Average Loan
$709K
Per approval
Total Approvals
38
FY 2025
Loan Programs (7)
Asset Base Working Capital Line (CAPLine)
Change of Ownership
Existing or more than 2 years old
Fixed Rates
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Industries Served (15)
Commercial and Institutional Building ConstructionCut Stone and Stone Product ManufacturingEnvironmental Consulting ServicesFull-Service RestaurantsMedical, Dental, and Hospital Equipment and Supplies Merchant WholesalersOffices of Certified Public AccountantsOther Commercial and Industrial Machinery and Equipment Rental and LeaOther Management Consulting ServicesOther Specialized Design ServicesPlumbing, Heating, and Air-Conditioning ContractorsResidential RemodelersRoofing ContractorsSolar Electric Power GenerationSporting and Recreational Goods and Supplies Merchant WholesalersToy and Hobby Goods and Supplies Merchant Wholesalers
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 1.71%
- Effective Rate
- 8.46%
- Fiscal Year
- 2025
- States Served
- MN
- Website
- myfrbank.com
Ready to apply with First Resource Bank?
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