SBA lender profile
Sherburne State Bank
Sherburne State Bank appears in the public SBA loan data with 15 funded 7(a) loans totaling $5.8M, an average of $387K per loan, and an estimated 112 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing 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
15
Total volume
$5.8M
Average loan size
$387K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
112
Programs
7(a)
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 | 15 | $5.8M |
What Sherburne State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 1 | $1.5M |
| Professional and Technical Services | 2 | $1.4M |
| Construction | 3 | $905K |
| Health Care and Social Assistance | 1 | $620K |
| Administrative and Support | 2 | $516K |
| Wholesale Trade | 1 | $509K |
Sherburne State Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $1.4M |
| 2021 | 3 | $2.4M |
| 2022 | 2 | $534K |
| 2023 | 2 | $324K |
| 2024 | 1 | $15K |
| 2025 | 4 | $1.1M |
| 2026 | 1 | $43K |
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 Sherburne State 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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