SBA lender profile
The First National Bank of Milaca
The First National Bank of Milaca appears in the public SBA loan data with 14 funded 7(a) loans totaling $4.4M, an average of $317K per loan, and an estimated 110 jobs supported. Its SBA lending concentrates in Minnesota and the Wholesale Trade 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
14
Total volume
$4.4M
Average loan size
$317K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
110
Programs
7(a)
Bank profile
via FDIC- Total assets
- $286M
- Headquarters
- Milaca, MN
- FDIC cert
- #5198
- Status
- Active
Where The First National Bank of Milaca lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 14 | $4.4M |
What The First National Bank of Milaca funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 2 | $1.6M |
| Finance and Insurance | 1 | $1.2M |
| Accommodation and Food Services | 4 | $490K |
| Other Services | 2 | $460K |
| Construction | 1 | $350K |
| Retail Trade | 2 | $235K |
The First National Bank of Milaca SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $750K |
| 2021 | 5 | $451K |
| 2022 | 2 | $1.3M |
| 2023 | 4 | $695K |
| 2025 | 1 | $1.2M |
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 The First National Bank of Milaca'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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