Frandsen Bank & Trust
MN
SBA-approved lender offering 6 loan programs across 24 industries.
Key Metrics
Interest Rate
9.00%
2.25% over prime
Average Loan
$518K
Per approval
Total Approvals
59
FY 2025
Loan Programs (6)
7a General
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
International Trade Loans
Industries Served (24)
Baked Goods StoresCar WashesChild Day Care ServicesCoin-Operated Laundries and DrycleanersCommercial and Institutional Building ConstructionDistilleriesDrinking Places (Alcoholic Beverages)Electrical ContractorsFrozen Fruit, Juice, and Vegetable ManufacturingFull-Service RestaurantsGeneral Automotive RepairGolf Courses and Country ClubsHome Health Care ServicesHotels (except Casino Hotels) and MotelsIndustrial Supplies Merchant WholesalersJanitorial ServicesLimited-Service RestaurantsOffices of Certified Public AccountantsOffices of ChiropractorsOther Accounting ServicesOther Construction Material Merchant WholesalersOther Residential Care FacilitiesPet Care (except Veterinary) ServicesRV (Recreational Vehicle) Parks and Campgrounds
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.25%
- Effective Rate
- 9.00%
- Fiscal Year
- 2025
- States Served
- MN
- Website
- www.frandsenbank.com
Ready to apply with Frandsen Bank & Trust?
Let Cassian help you prepare your application and connect you with the right loan officer.