SBA lender profile
First State Bank Minnesota
First State Bank Minnesota appears in the public SBA loan data with 3 funded 7(a) loans since FY2010, totaling $1.2M, an average of $400K per loan, and an estimated 12 jobs supported. Its SBA lending concentrates in Minnesota and the Other Services sector. With only 3 7(a) loans in the data, the sample is too small to read a charge-off rate as a track record.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
Is First State Bank Minnesota the right lender for you?
First State Bank Minnesota appears in the SBA record with 3 funded loans since FY2010, too few to read as a lending pattern. That is not a mark against the institution, but it does mean the record cannot tell you whether it lends to businesses like yours. Lenders with a deeper track record in your state and industry can.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Bank profile
via FDIC- Total assets
- $105M
- Headquarters
- Le Roy, MN
- FDIC cert
- #10162
- Status
- Active
Where First State Bank Minnesota lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 3 | $1.2M |
What First State Bank Minnesota funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 2 | $1.1M |
| Retail Trade | 1 | $58K |
First State Bank Minnesota SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 1 | $45K |
| 2012 | 1 | $58K |
| 2023 | 1 | $1.1M |
Related SBA lenders
Other lenders active in Minnesota or in Other Services.
Comparing lenders? See how to choose an SBA lender by track record.
First State Bank Minnesota: frequently asked questions
Does First State Bank Minnesota offer SBA loans?
Yes. First State Bank Minnesota appears in the public SBA data with 3 funded SBA 7(a) loans totaling $1.2M.
How many SBA loans has First State Bank Minnesota made?
First State Bank Minnesota is associated with 3 SBA 7(a) loans totaling $1.2M in the public SBA data (as of 2026-03-31).
What is First State Bank Minnesota's SBA charge-off rate?
First State Bank Minnesota appears with only 3 7(a) loans in the data, too few for a charge-off rate to be meaningful as a track record. The SBA Lender Score treats fewer than 20 loans as insufficient data for the same reason; see our methodology.
Where does First State Bank Minnesota do most of its SBA lending?
First State Bank Minnesota's SBA lending in the data is most concentrated in Minnesota, and by industry in Other Services.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). First State Bank Minnesota SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/first-state-bank-minnesota/
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