SBA lender profile
Citizens Bank Minnesota
Citizens Bank Minnesota appears in the public SBA loan data with 5 funded 7(a) loans totaling $5.1M, an average of $1.0M per loan, and an estimated 36 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
5
Total volume
$5.1M
Average loan size
$1.0M
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
36
Programs
7(a)
Bank profile
via FDIC- Total assets
- $590M
- Headquarters
- New Ulm, MN
- FDIC cert
- #8200
- Status
- Active
Where Citizens Bank Minnesota lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 5 | $5.1M |
What Citizens Bank Minnesota funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 3 | $5.0M |
| Construction | 2 | $100K |
Citizens Bank Minnesota SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $2.0M |
| 2021 | 2 | $2.0M |
| 2022 | 1 | $50K |
| 2024 | 1 | $1.0M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Citizens Bank Minnesota's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.