SBA lender profile
Freeport State Bank
Freeport State Bank appears in the public SBA loan data with 47 funded 7(a) loans since FY2010, totaling $8.9M, an average of $190K per loan, and an estimated 298 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 80
- Scale 19
- Activity 0
- Consistency 63
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Freeport State Bank the right lender for you?
Lenders fund what they know. Freeport State Bank's SBA lending concentrates in Minnesota (47 loans) and Retail Trade (11 loans), at an average loan of $190K. If your business does not look like that, a different SBA lender is likely the better fit.
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
- $167M
- Headquarters
- Freeport, MN
- FDIC cert
- #8210
- Status
- Active
Where Freeport State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 47 | $8.9M |
Metro areas where Freeport State Bank funds
What Freeport State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 11 | $2.2M |
| Wholesale Trade | 6 | $1.8M |
| Manufacturing | 5 | $1.5M |
| Construction | 3 | $1.2M |
| Transportation and Warehousing | 13 | $1.1M |
| Health Care and Social Assistance | 3 | $575K |
Freeport State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 4 | $2.3M |
| 2011 | 5 | $982K |
| 2012 | 7 | $943K |
| 2013 | 8 | $967K |
| 2014 | 6 | $584K |
| 2015 | 3 | $395K |
| 2016 | 3 | $831K |
| 2017 | 5 | $373K |
| 2019 | 2 | $392K |
| 2020 | 2 | $889K |
| 2021 | 2 | $325K |
Related SBA lenders
Other lenders active in Minnesota or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Freeport State Bank: frequently asked questions
Does Freeport State Bank offer SBA loans?
Yes. Freeport State Bank appears in the public SBA data with 47 funded SBA 7(a) loans totaling $8.9M.
How many SBA loans has Freeport State Bank made?
Freeport State Bank is associated with 47 SBA 7(a) loans totaling $8.9M in the public SBA data (as of 2026-03-31).
What is Freeport State Bank's SBA charge-off rate?
About 0.0% of Freeport State Bank's 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does Freeport State Bank do most of its SBA lending?
Freeport State Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Retail Trade.
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). Freeport State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/freeport-state-bank/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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