SBA lender profile
Lake Elmo Bank
Lake Elmo Bank appears in the public SBA loan data with 49 funded 7(a) loans since FY2010, totaling $20.8M, an average of $424K per loan, and an estimated 548 jobs supported. Its SBA lending concentrates in Minnesota and the Construction sector. Across its 7(a) loans, the charge-off rate is 2.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 73
- Scale 32
- Activity 62
- Consistency 72
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Lake Elmo Bank the right lender for you?
Lenders fund what they know. Lake Elmo Bank's SBA lending concentrates in Minnesota (43 loans) and Construction (7 loans), at an average loan of $424K. 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
- $531M
- Headquarters
- Lake Elmo, MN
- FDIC cert
- #15443
- Status
- Active
Where Lake Elmo Bank lends
Top states by funded SBA volume.
What Lake Elmo Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 7 | $8.4M |
| Real Estate | 3 | $3.2M |
| Manufacturing | 2 | $2.6M |
| Retail Trade | 10 | $1.6M |
| Health Care and Social Assistance | 7 | $1.2M |
| Arts, Entertainment, Recreation | 2 | $915K |
Lake Elmo Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $540K |
| 2011 | 4 | $806K |
| 2012 | 3 | $200K |
| 2013 | 3 | $225K |
| 2014 | 10 | $2.2M |
| 2015 | 6 | $789K |
| 2016 | 3 | $459K |
| 2017 | 1 | $150K |
| 2018 | 3 | $475K |
| 2019 | 2 | $948K |
| 2021 | 2 | $467K |
| 2023 | 2 | $3.1M |
| 2024 | 5 | $3.9M |
| 2025 | 1 | $5.0M |
| 2026 | 1 | $1.5M |
Related SBA lenders
Other lenders active in Minnesota or in Construction.
Comparing lenders? See how to choose an SBA lender by track record.
Lake Elmo Bank: frequently asked questions
Does Lake Elmo Bank offer SBA loans?
Yes. Lake Elmo Bank appears in the public SBA data with 49 funded SBA 7(a) loans totaling $20.8M.
How many SBA loans has Lake Elmo Bank made?
Lake Elmo Bank is associated with 49 SBA 7(a) loans totaling $20.8M in the public SBA data (as of 2026-03-31).
What is Lake Elmo Bank's SBA charge-off rate?
About 2.0% of Lake Elmo 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 Lake Elmo Bank do most of its SBA lending?
Lake Elmo Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Construction.
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). Lake Elmo Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/lake-elmo-bank/
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