SBA lender profile
New Market Bank
New Market Bank appears in the public SBA loan data with 25 funded 7(a) loans since FY2010, totaling $3.2M, an average of $126K per loan, and an estimated 89 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 4.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 67
- Scale 2
- Activity 21
- Consistency 57
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is New Market Bank the right lender for you?
Lenders fund what they know. New Market Bank's SBA lending concentrates in Minnesota (25 loans) and Manufacturing (5 loans), at an average loan of $126K. 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
- $194M
- Headquarters
- Elko New Market, MN
- FDIC cert
- #1931
- Status
- Active
Where New Market Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 25 | $3.2M |
What New Market Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 5 | $691K |
| Accommodation and Food Services | 1 | $557K |
| Retail Trade | 3 | $513K |
| Real Estate | 3 | $293K |
| Transportation and Warehousing | 3 | $290K |
| Wholesale Trade | 2 | $279K |
New Market Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $355K |
| 2015 | 1 | $30K |
| 2016 | 2 | $125K |
| 2017 | 6 | $802K |
| 2018 | 5 | $365K |
| 2020 | 3 | $662K |
| 2021 | 1 | $95K |
| 2022 | 1 | $25K |
| 2023 | 1 | $112K |
| 2024 | 2 | $582K |
Related SBA lenders
Other lenders active in Minnesota or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
New Market Bank: frequently asked questions
Does New Market Bank offer SBA loans?
Yes. New Market Bank appears in the public SBA data with 25 funded SBA 7(a) loans totaling $3.2M.
How many SBA loans has New Market Bank made?
New Market Bank is associated with 25 SBA 7(a) loans totaling $3.2M in the public SBA data (as of 2026-03-31).
What is New Market Bank's SBA charge-off rate?
About 4.0% of New Market 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 New Market Bank do most of its SBA lending?
New Market Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Manufacturing.
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). New Market Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/new-market-bank/
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