SBA lender profile
Lake Elmo Bank
Lake Elmo Bank appears in the public SBA loan data with 11 funded 7(a) loans totaling $14.0M, an average of $1.3M per loan, and an estimated 198 jobs supported. Its SBA lending concentrates in Minnesota and the Construction 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
11
Total volume
$14.0M
Average loan size
$1.3M
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
198
Programs
7(a)
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 | 3 | $6.8M |
| Real Estate | 2 | $3.2M |
| Manufacturing | 1 | $2.3M |
| Health Care and Social Assistance | 1 | $800K |
| Other Services | 1 | $318K |
| Arts, Entertainment, Recreation | 1 | $318K |
Lake Elmo Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2021 | 2 | $467K |
| 2023 | 2 | $3.1M |
| 2024 | 5 | $3.9M |
| 2025 | 1 | $5.0M |
| 2026 | 1 | $1.5M |
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 Lake Elmo Bank'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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