SBA lender profile
Northwoods Bank of Minnesota
Northwoods Bank of Minnesota appears in the public SBA loan data with 26 funded 7(a) loans since FY2010, totaling $3.3M, an average of $125K per loan, and an estimated 224 jobs supported. Its SBA lending concentrates in Minnesota and the Information sector. Across its 7(a) loans, the charge-off rate is 7.7%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 59
- Scale 3
- Activity 0
- Consistency 57
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Northwoods Bank of Minnesota the right lender for you?
Lenders fund what they know. Northwoods Bank of Minnesota's SBA lending concentrates in Minnesota (26 loans) and Information (1 loan), at an average loan of $125K. 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
- $141M
- Headquarters
- Park Rapids, MN
- FDIC cert
- #1415
- Status
- Active
Where Northwoods Bank of Minnesota lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 26 | $3.3M |
What Northwoods Bank of Minnesota funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Information | 1 | $1.0M |
| Retail Trade | 13 | $913K |
| Accommodation and Food Services | 1 | $325K |
| Finance and Insurance | 2 | $297K |
| Wholesale Trade | 1 | $270K |
| Construction | 4 | $178K |
Northwoods Bank of Minnesota SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 6 | $364K |
| 2013 | 1 | $120K |
| 2014 | 1 | $208K |
| 2015 | 4 | $279K |
| 2016 | 2 | $395K |
| 2017 | 5 | $360K |
| 2018 | 2 | $45K |
| 2019 | 2 | $120K |
| 2020 | 1 | $270K |
| 2021 | 2 | $1.1M |
Related SBA lenders
Other lenders active in Minnesota or in Information.
Comparing lenders? See how to choose an SBA lender by track record.
Northwoods Bank of Minnesota: frequently asked questions
Does Northwoods Bank of Minnesota offer SBA loans?
Yes. Northwoods Bank of Minnesota appears in the public SBA data with 26 funded SBA 7(a) loans totaling $3.3M.
How many SBA loans has Northwoods Bank of Minnesota made?
Northwoods Bank of Minnesota is associated with 26 SBA 7(a) loans totaling $3.3M in the public SBA data (as of 2026-03-31).
What is Northwoods Bank of Minnesota's SBA charge-off rate?
About 7.7% of Northwoods Bank of Minnesota'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 Northwoods Bank of Minnesota do most of its SBA lending?
Northwoods Bank of Minnesota's SBA lending in the data is most concentrated in Minnesota, and by industry in Information.
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). Northwoods Bank of Minnesota SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/northwoods-bank-of-minnesota/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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