SBA lender profile
Lake Region Bank
Lake Region Bank appears in the public SBA loan data with 98 funded 7(a) loans since FY2010, totaling $16.5M, an average of $169K per loan, and an estimated 811 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 1.0%. 52.0% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 80
- Scale 38
- Activity 16
- Consistency 71
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Lake Region Bank the right lender for you?
Lenders fund what they know. Lake Region Bank's SBA lending concentrates in Minnesota (98 loans) and Retail Trade (17 loans), at an average loan of $169K. 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
- $151M
- Headquarters
- New London, MN
- FDIC cert
- #10965
- Status
- Active
Where Lake Region Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 98 | $16.5M |
Metro areas where Lake Region Bank funds
What Lake Region Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 17 | $2.9M |
| Real Estate | 9 | $2.7M |
| Construction | 12 | $2.3M |
| Health Care and Social Assistance | 4 | $1.9M |
| Other Services | 12 | $1.3M |
| Manufacturing | 10 | $1.3M |
Lake Region Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 4 | $632K |
| 2011 | 7 | $1.2M |
| 2012 | 2 | $50K |
| 2013 | 10 | $3.7M |
| 2014 | 16 | $2.2M |
| 2015 | 11 | $1.8M |
| 2016 | 12 | $2.8M |
| 2017 | 12 | $1.3M |
| 2018 | 2 | $542K |
| 2019 | 2 | $429K |
| 2020 | 1 | $46K |
| 2021 | 6 | $269K |
| 2022 | 11 | $1.2M |
| 2023 | 2 | $311K |
Related SBA lenders
Other lenders active in Minnesota or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Lake Region Bank: frequently asked questions
Does Lake Region Bank offer SBA loans?
Yes. Lake Region Bank appears in the public SBA data with 98 funded SBA 7(a) loans totaling $16.5M.
How many SBA loans has Lake Region Bank made?
Lake Region Bank is associated with 98 SBA 7(a) loans totaling $16.5M in the public SBA data (as of 2026-03-31).
What is Lake Region Bank's SBA charge-off rate?
About 1.0% of Lake Region 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 Region Bank do most of its SBA lending?
Lake Region Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Retail Trade.
Is Lake Region Bank an SBA Preferred Lender (PLP)?
The loan record shows Lake Region Bank operating under PLP delegated authority: 51 of its 7(a) loans (52.0%) were processed through the Preferred Lenders Program. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
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 Region Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/lake-region-bank/
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