SBA lender profile
The State Bank of Faribault
The State Bank of Faribault appears in the public SBA loan data with 23 funded 7(a) loans totaling $4.1M, an average of $177K per loan, and an estimated 212 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
23
Total volume
$4.1M
Average loan size
$177K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
212
Programs
7(a)
Bank profile
via FDIC- Total assets
- $323M
- Headquarters
- Faribault, MN
- FDIC cert
- #1610
- Status
- Active
Where The State Bank of Faribault lends
Top states by funded SBA volume.
What The State Bank of Faribault funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Wholesale Trade | 4 | $1.4M |
| Transportation and Warehousing | 4 | $787K |
| Manufacturing | 2 | $645K |
| Retail Trade | 3 | $598K |
| Construction | 3 | $250K |
| Accommodation and Food Services | 2 | $225K |
The State Bank of Faribault SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 3 | $608K |
| 2021 | 8 | $1.7M |
| 2022 | 8 | $1.6M |
| 2023 | 3 | $140K |
| 2025 | 1 | $125K |
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 State Bank of Faribault'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.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.