SBA lender profile
The First National Bank of Milaca
The First National Bank of Milaca appears in the public SBA loan data with 40 funded 7(a) loans since FY2010, totaling $11.9M, an average of $298K per loan, and an estimated 316 jobs supported. Its SBA lending concentrates in Minnesota and the Wholesale Trade sector. Across its 7(a) loans, the charge-off rate is 2.5%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 71
- Scale 20
- Activity 32
- Consistency 68
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is The First National Bank of Milaca the right lender for you?
Lenders fund what they know. The First National Bank of Milaca's SBA lending concentrates in Minnesota (40 loans) and Wholesale Trade (3 loans), at an average loan of $298K. 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
- $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 | 40 | $11.9M |
What The First National Bank of Milaca funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 3 | $3.1M |
| Retail Trade | 7 | $2.2M |
| Accommodation and Food Services | 9 | $1.4M |
| Finance and Insurance | 1 | $1.2M |
| Other Services | 5 | $975K |
| Construction | 3 | $835K |
The First National Bank of Milaca SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2011 | 3 | $2.4M |
| 2013 | 4 | $232K |
| 2014 | 3 | $1.0M |
| 2015 | 6 | $1.6M |
| 2016 | 5 | $846K |
| 2018 | 3 | $541K |
| 2019 | 2 | $843K |
| 2020 | 2 | $750K |
| 2021 | 5 | $451K |
| 2022 | 2 | $1.3M |
| 2023 | 4 | $695K |
| 2025 | 1 | $1.2M |
Related SBA lenders
Other lenders active in Minnesota or in Wholesale Trade.
Comparing lenders? See how to choose an SBA lender by track record.
The First National Bank of Milaca: frequently asked questions
Does The First National Bank of Milaca offer SBA loans?
Yes. The First National Bank of Milaca appears in the public SBA data with 40 funded SBA 7(a) loans totaling $11.9M.
How many SBA loans has The First National Bank of Milaca made?
The First National Bank of Milaca is associated with 40 SBA 7(a) loans totaling $11.9M in the public SBA data (as of 2026-03-31).
What is The First National Bank of Milaca's SBA charge-off rate?
About 2.5% of The First National Bank of Milaca'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 The First National Bank of Milaca do most of its SBA lending?
The First National Bank of Milaca'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). The First National Bank of Milaca SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/the-first-national-bank-of-milaca/
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