SBA lender profile
ProGrowth Bank
ProGrowth Bank appears in the public SBA loan data with 23 funded 7(a) loans totaling $5.5M, an average of $238K per loan, and an estimated 120 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade 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
23
Total volume
$5.5M
Average loan size
$238K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
120
Programs
7(a)
Bank profile
via FDIC- Total assets
- $371M
- Headquarters
- Nicollet, MN
- FDIC cert
- #8536
- Status
- Active
Where ProGrowth Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 23 | $5.5M |
What ProGrowth Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 5 | $2.3M |
| Finance and Insurance | 1 | $785K |
| Administrative and Support | 4 | $542K |
| Wholesale Trade | 2 | $499K |
| Agriculture, Forestry, Fishing | 1 | $475K |
| Manufacturing | 4 | $404K |
ProGrowth Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 6 | $1.2M |
| 2021 | 3 | $266K |
| 2022 | 3 | $946K |
| 2023 | 5 | $1.8M |
| 2024 | 1 | $50K |
| 2025 | 4 | $1.0M |
| 2026 | 1 | $150K |
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 ProGrowth 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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