SBA lender profile
Minnesota Lakes Bank
Minnesota Lakes Bank appears in the public SBA loan data with 21 funded 7(a) loans totaling $6.2M, an average of $295K per loan, and an estimated 154 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing 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
21
Total volume
$6.2M
Average loan size
$295K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
154
Programs
7(a)
Bank profile
via FDIC- Total assets
- $126M
- Headquarters
- Delano, MN
- FDIC cert
- #23986
- Status
- Active
Where Minnesota Lakes Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 21 | $6.2M |
What Minnesota Lakes Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 4 | $2.8M |
| Accommodation and Food Services | 4 | $1.0M |
| Professional and Technical Services | 3 | $700K |
| Real Estate | 1 | $370K |
| Transportation and Warehousing | 1 | $365K |
| Administrative and Support | 3 | $325K |
Minnesota Lakes Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 3 | $2.5M |
| 2021 | 6 | $1.1M |
| 2022 | 8 | $1.3M |
| 2023 | 4 | $1.2M |
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 Minnesota Lakes 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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