SBA lender profile
Prime Security Bank
Prime Security Bank appears in the public SBA loan data with 17 funded 7(a) loans totaling $4.5M, an average of $263K per loan, and an estimated 203 jobs supported. Its SBA lending concentrates in Minnesota and the Construction 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
17
Total volume
$4.5M
Average loan size
$263K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
203
Programs
7(a)
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 | 16 | $4.3M |
| South Dakota | 1 | $172K |
What Prime Security Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Construction | 3 | $1.2M |
| Accommodation and Food Services | 3 | $1.2M |
| Manufacturing | 2 | $550K |
| Professional and Technical Services | 2 | $495K |
| Arts, Entertainment, Recreation | 2 | $476K |
| Health Care and Social Assistance | 1 | $230K |
Prime Security Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 1 | $172K |
| 2021 | 4 | $1.4M |
| 2022 | 3 | $363K |
| 2023 | 1 | $312K |
| 2024 | 2 | $220K |
| 2025 | 1 | $45K |
| 2026 | 5 | $1.9M |
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 Prime Security 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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