SBA lender profile
Lake Region Bank
Lake Region Bank appears in the public SBA loan data with 20 funded 7(a) loans totaling $1.9M, an average of $93K per loan, and an estimated 120 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade 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
20
Total volume
$1.9M
Average loan size
$93K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
120
Programs
7(a)
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 | 20 | $1.9M |
What Lake Region Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 3 | $456K |
| Other Services | 3 | $340K |
| Transportation and Warehousing | 3 | $317K |
| Real Estate | 2 | $311K |
| Construction | 3 | $192K |
| Administrative and Support | 1 | $162K |
Lake Region Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $46K |
| 2021 | 6 | $269K |
| 2022 | 11 | $1.2M |
| 2023 | 2 | $311K |
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 Region 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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