SBA lender profile
Prime Security Bank
Prime Security Bank appears in the public SBA loan data with 50 funded 7(a) loans since FY2010, totaling $14.7M, an average of $294K per loan, and an estimated 647 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across its 7(a) loans, the charge-off rate is 4.0%. 40.0% 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 67
- Scale 27
- Activity 20
- Consistency 73
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Prime Security Bank the right lender for you?
Lenders fund what they know. Prime Security Bank's SBA lending concentrates in Minnesota (49 loans) and Manufacturing (16 loans), at an average loan of $294K. 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
- $149M
- Headquarters
- Karlstad, MN
- FDIC cert
- #10971
- Status
- Active
Where Prime Security Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 49 | $14.5M |
| South Dakota | 1 | $172K |
What Prime Security Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 16 | $4.0M |
| Health Care and Social Assistance | 2 | $2.2M |
| Other Services | 4 | $1.9M |
| Accommodation and Food Services | 6 | $1.8M |
| Construction | 4 | $1.5M |
| Retail Trade | 8 | $1.2M |
Prime Security Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 1 | $483K |
| 2012 | 4 | $450K |
| 2014 | 6 | $984K |
| 2015 | 2 | $1.6M |
| 2016 | 3 | $652K |
| 2017 | 4 | $1.8M |
| 2018 | 9 | $3.6M |
| 2019 | 4 | $671K |
| 2020 | 1 | $172K |
| 2021 | 4 | $1.4M |
| 2022 | 3 | $363K |
| 2023 | 1 | $312K |
| 2024 | 2 | $220K |
| 2025 | 1 | $45K |
| 2026 | 5 | $1.9M |
Related SBA lenders
Other lenders active in Minnesota or in Manufacturing.
Comparing lenders? See how to choose an SBA lender by track record.
Prime Security Bank: frequently asked questions
Does Prime Security Bank offer SBA loans?
Yes. Prime Security Bank appears in the public SBA data with 50 funded SBA 7(a) loans totaling $14.7M.
How many SBA loans has Prime Security Bank made?
Prime Security Bank is associated with 50 SBA 7(a) loans totaling $14.7M in the public SBA data (as of 2026-03-31).
What is Prime Security Bank's SBA charge-off rate?
About 4.0% of Prime Security 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 Prime Security Bank do most of its SBA lending?
Prime Security Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Manufacturing.
Is Prime Security Bank an SBA Preferred Lender (PLP)?
The loan record shows Prime Security Bank operating under PLP delegated authority: 20 of its 7(a) loans (40.0%) were processed through the Preferred Lenders Program, including 2 in FY2024–2026. 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). Prime Security Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/prime-security-bank/
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