SBA lender profile
Sherburne State Bank
Sherburne State Bank appears in the public SBA loan data with 42 funded 7(a) loans since FY2010, totaling $15.9M, an average of $379K per loan, and an estimated 481 jobs supported. Its SBA lending concentrates in Minnesota and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 7.1%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 58
- Scale 26
- Activity 28
- Consistency 69
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Sherburne State Bank the right lender for you?
Lenders fund what they know. Sherburne State Bank's SBA lending concentrates in Minnesota (42 loans) and Wholesale Trade (2 loans), at an average loan of $379K. 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
- $343M
- Headquarters
- Becker, MN
- FDIC cert
- #10169
- Status
- Active
Where Sherburne State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 42 | $15.9M |
What Sherburne State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 2 | $3.0M |
| Manufacturing | 9 | $2.7M |
| Transportation and Warehousing | 4 | $2.6M |
| Professional and Technical Services | 4 | $1.7M |
| Retail Trade | 3 | $1.4M |
| Accommodation and Food Services | 5 | $1.3M |
Sherburne State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 1 | $2.5M |
| 2013 | 8 | $1.0M |
| 2014 | 10 | $4.7M |
| 2015 | 5 | $829K |
| 2016 | 1 | $350K |
| 2018 | 1 | $405K |
| 2019 | 1 | $325K |
| 2020 | 2 | $1.4M |
| 2021 | 3 | $2.4M |
| 2022 | 2 | $534K |
| 2023 | 2 | $324K |
| 2024 | 1 | $15K |
| 2025 | 4 | $1.1M |
| 2026 | 1 | $43K |
Related SBA lenders
Other lenders active in Minnesota or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
Sherburne State Bank: frequently asked questions
Does Sherburne State Bank offer SBA loans?
Yes. Sherburne State Bank appears in the public SBA data with 42 funded SBA 7(a) loans totaling $15.9M.
How many SBA loans has Sherburne State Bank made?
Sherburne State Bank is associated with 42 SBA 7(a) loans totaling $15.9M in the public SBA data (as of 2026-03-31).
What is Sherburne State Bank's SBA charge-off rate?
About 7.1% of Sherburne 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 Sherburne State Bank do most of its SBA lending?
Sherburne State Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Wholesale 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). Sherburne State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/sherburne-state-bank/
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