SBA lender profile
CorTrust Bank National Association
CorTrust Bank National Association appears in the public SBA loan data with 42 funded 7(a) loans totaling $12.4M, an average of $296K per loan, and an estimated 395 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade 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
42
Total volume
$12.4M
Average loan size
$296K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
395
Programs
7(a)
Bank profile
via FDIC- Total assets
- $1.6B
- Headquarters
- Mitchell, SD
- FDIC cert
- #6063
- Status
- Active
Where CorTrust Bank National Association lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 40 | $9.6M |
| South Dakota | 2 | $2.8M |
What CorTrust Bank National Association funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 5 | $4.3M |
| Manufacturing | 9 | $4.2M |
| Wholesale Trade | 5 | $1.1M |
| Construction | 8 | $885K |
| Accommodation and Food Services | 3 | $607K |
| Health Care and Social Assistance | 2 | $382K |
CorTrust Bank National Association SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 11 | $4.0M |
| 2021 | 12 | $1.8M |
| 2022 | 3 | $662K |
| 2023 | 6 | $599K |
| 2024 | 1 | $50K |
| 2025 | 9 | $5.4M |
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 CorTrust Bank National Association'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.
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