SBA lender profile
Red River State Bank
Red River State Bank appears in the public SBA loan data with 192 funded 7(a) loans since FY2010, totaling $78.4M, an average of $408K per loan, and an estimated 815 jobs supported. Its SBA lending concentrates in Minnesota and the Agriculture, Forestry, Fishing sector. Across its 7(a) loans, the charge-off rate is 4.2%. 42.7% 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 66
- Scale 65
- Activity 46
- Consistency 69
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Red River State Bank the right lender for you?
Lenders fund what they know. Red River State Bank's SBA lending concentrates in Minnesota (129 loans) and Agriculture, Forestry, Fishing (91 loans), at an average loan of $408K. 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
- $120M
- Headquarters
- Halstad, MN
- FDIC cert
- #15820
- Status
- Active
Where Red River State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 129 | $44.5M |
| North Dakota | 40 | $20.5M |
| South Dakota | 8 | $8.6M |
| Arizona | 1 | $2.1M |
| California | 1 | $779K |
| Illinois | 5 | $700K |
Metro areas where Red River State Bank funds
What Red River State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Agriculture, Forestry, Fishing | 91 | $48.7M |
| Construction | 27 | $14.8M |
| Arts, Entertainment, Recreation | 7 | $5.4M |
| Real Estate | 4 | $2.8M |
| Transportation and Warehousing | 17 | $2.7M |
| Retail Trade | 9 | $1.0M |
Red River State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 9 | $1.1M |
| 2011 | 23 | $3.0M |
| 2012 | 4 | $1.2M |
| 2013 | 10 | $1.6M |
| 2014 | 7 | $1.2M |
| 2015 | 4 | $455K |
| 2016 | 8 | $1.2M |
| 2017 | 4 | $518K |
| 2018 | 17 | $5.6M |
| 2019 | 10 | $1.2M |
| 2020 | 24 | $5.1M |
| 2021 | 62 | $48.3M |
| 2022 | 3 | $1.0M |
| 2023 | 4 | $1.8M |
| 2025 | 2 | $3.0M |
| 2026 | 1 | $2.1M |
Related SBA lenders
Other lenders active in Minnesota or in Agriculture, Forestry, Fishing.
Comparing lenders? See how to choose an SBA lender by track record.
Red River State Bank: frequently asked questions
Does Red River State Bank offer SBA loans?
Yes. Red River State Bank appears in the public SBA data with 192 funded SBA 7(a) loans totaling $78.4M.
How many SBA loans has Red River State Bank made?
Red River State Bank is associated with 192 SBA 7(a) loans totaling $78.4M in the public SBA data (as of 2026-03-31).
What is Red River State Bank's SBA charge-off rate?
About 4.2% of Red River State 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 Red River State Bank do most of its SBA lending?
Red River State Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Agriculture, Forestry, Fishing.
Is Red River State Bank an SBA Preferred Lender (PLP)?
The loan record shows Red River State Bank operating under PLP delegated authority: 82 of its 7(a) loans (42.7%) were processed through the Preferred Lenders Program, including 1 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). Red River State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/red-river-state-bank/
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