SBA lender profile
Security State Bank of Aitkin
Security State Bank of Aitkin appears in the public SBA loan data with 11 funded 7(a) loans totaling $1.0M, an average of $93K per loan, and an estimated 114 jobs supported. Its SBA lending concentrates in Minnesota and the Accommodation and Food Services 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
11
Total volume
$1.0M
Average loan size
$93K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
114
Programs
7(a)
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 | 11 | $1.0M |
What Security State Bank of Aitkin funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 4 | $414K |
| Retail Trade | 1 | $350K |
| Real Estate | 3 | $108K |
| Arts, Entertainment, Recreation | 1 | $88K |
| Construction | 1 | $31K |
| Professional and Technical Services | 1 | $30K |
Security State Bank of Aitkin SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $269K |
| 2021 | 5 | $226K |
| 2022 | 2 | $425K |
| 2023 | 2 | $100K |
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 Security State Bank of Aitkin'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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