SBA lender profile
Security State Bank of Aitkin
Security State Bank of Aitkin appears in the public SBA loan data with 69 funded 7(a) loans since FY2010, totaling $7.2M, an average of $105K per loan, and an estimated 620 jobs supported. Its SBA lending concentrates in Minnesota and the Retail Trade sector. Across its 7(a) loans, the charge-off rate is 14.5%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 35
- Scale 21
- Activity 14
- Consistency 70
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Security State Bank of Aitkin the right lender for you?
Lenders fund what they know. Security State Bank of Aitkin's SBA lending concentrates in Minnesota (69 loans) and Retail Trade (21 loans), at an average loan of $105K. 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
- $110M
- Headquarters
- Aitkin, MN
- FDIC cert
- #16656
- Status
- Active
Where Security State Bank of Aitkin lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 69 | $7.2M |
Metro areas where Security State Bank of Aitkin funds
What Security State Bank of Aitkin funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 21 | $2.1M |
| Wholesale Trade | 2 | $1.6M |
| Accommodation and Food Services | 14 | $1.1M |
| Other Services | 7 | $889K |
| Real Estate | 9 | $586K |
| Agriculture, Forestry, Fishing | 3 | $292K |
Security State Bank of Aitkin SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 3 | $155K |
| 2011 | 1 | $120K |
| 2012 | 2 | $1.6M |
| 2013 | 2 | $250K |
| 2014 | 1 | $55K |
| 2015 | 8 | $961K |
| 2016 | 13 | $1.2M |
| 2017 | 18 | $1.0M |
| 2018 | 7 | $298K |
| 2019 | 3 | $474K |
| 2020 | 2 | $269K |
| 2021 | 5 | $226K |
| 2022 | 2 | $425K |
| 2023 | 2 | $100K |
Related SBA lenders
Other lenders active in Minnesota or in Retail Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Security State Bank of Aitkin: frequently asked questions
Does Security State Bank of Aitkin offer SBA loans?
Yes. Security State Bank of Aitkin appears in the public SBA data with 69 funded SBA 7(a) loans totaling $7.2M.
How many SBA loans has Security State Bank of Aitkin made?
Security State Bank of Aitkin is associated with 69 SBA 7(a) loans totaling $7.2M in the public SBA data (as of 2026-03-31).
What is Security State Bank of Aitkin's SBA charge-off rate?
About 14.5% of Security State Bank of Aitkin'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 Security State Bank of Aitkin do most of its SBA lending?
Security State Bank of Aitkin's SBA lending in the data is most concentrated in Minnesota, and by industry in Retail Trade.
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). Security State Bank of Aitkin SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/security-state-bank-of-aitkin/
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