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BreadRoute Review
New Market Bank
Our New Market Bank Review
New Market Bank is a community bank founded in 1905 and headquartered in New Market, Minnesota, with additional locations in Lakeville and Prior Lake. It serves small businesses across the southern Twin Cities metro with a practical range of commercial products including lines of credit, term loans, equipment financing, commercial real estate financing, and construction loans. The bank also originates SBA loans, which can be a meaningful option for businesses that need longer repayment terms or lower down payments. As a locally owned institution, lending decisions are made close to home, which often means more flexibility and direct access to decision-makers than larger regional banks offer. Specific rates, fees, and eligibility requirements are not publicly listed, so prospective borrowers will need to contact the bank directly to get terms. New Market Bank appears well suited for established Minnesota-based businesses looking for a relationship-oriented lender with deep community roots.
Who Is New Market Bank Best For?
Based on eligibility requirements and available products.
- Businesses where credit score is not a primary factor
- Businesses that need equipment or machinery financing
- Businesses with commercial real estate financing needs
- Businesses that need flexible, revolving access to capital
Financing Options
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Other Commercial Bank lenders
New Market Bank Pros & Cons
Pros
- No minimum credit score requirement
- Wide range of financing products
Frequently Asked Questions
New Market Bank does not apply a strict minimum credit score requirement, making it accessible to a wider range of businesses.
New Market Bank offers the following financing products: Equipment Finance, Construction Finance, Commercial Real Estate Financing, Line of Credit, Term Loan.
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