SBA lender profile
The State Bank of Faribault
The State Bank of Faribault appears in the public SBA loan data with 63 funded 7(a) loans since FY2010, totaling $9.9M, an average of $158K per loan, and an estimated 632 jobs supported. Its SBA lending concentrates in Minnesota and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 82
- Scale 25
- Activity 16
- Consistency 76
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is The State Bank of Faribault the right lender for you?
Lenders fund what they know. The State Bank of Faribault's SBA lending concentrates in Minnesota (59 loans) and Accommodation and Food Services (12 loans), at an average loan of $158K. 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
- $323M
- Headquarters
- Faribault, MN
- FDIC cert
- #1610
- Status
- Active
Where The State Bank of Faribault lends
Top states by funded SBA volume.
Metro areas where The State Bank of Faribault funds
What The State Bank of Faribault funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 12 | $2.9M |
| Manufacturing | 11 | $1.8M |
| Wholesale Trade | 5 | $1.5M |
| Transportation and Warehousing | 6 | $1.1M |
| Retail Trade | 6 | $973K |
| Construction | 9 | $670K |
The State Bank of Faribault SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 2 | $325K |
| 2011 | 1 | $23K |
| 2012 | 5 | $745K |
| 2013 | 5 | $1.1M |
| 2014 | 3 | $113K |
| 2015 | 3 | $521K |
| 2016 | 7 | $1.2M |
| 2017 | 4 | $630K |
| 2018 | 6 | $655K |
| 2019 | 4 | $507K |
| 2020 | 3 | $608K |
| 2021 | 8 | $1.7M |
| 2022 | 8 | $1.6M |
| 2023 | 3 | $140K |
| 2025 | 1 | $125K |
Related SBA lenders
Other lenders active in Minnesota or in Accommodation and Food Services.
Comparing lenders? See how to choose an SBA lender by track record.
The State Bank of Faribault: frequently asked questions
Does The State Bank of Faribault offer SBA loans?
Yes. The State Bank of Faribault appears in the public SBA data with 63 funded SBA 7(a) loans totaling $9.9M.
How many SBA loans has The State Bank of Faribault made?
The State Bank of Faribault is associated with 63 SBA 7(a) loans totaling $9.9M in the public SBA data (as of 2026-03-31).
What is The State Bank of Faribault's SBA charge-off rate?
About 0.0% of The State Bank of Faribault'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 State Bank of Faribault do most of its SBA lending?
The State Bank of Faribault's SBA lending in the data is most concentrated in Minnesota, and by industry in Accommodation and Food Services.
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 State Bank of Faribault SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/the-state-bank-of-faribault/
Free to cite and quote with attribution and a link. Members of the press can reach us via our press page.
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.
Get SBA lending trends in your inbox
Occasional, data-driven briefings on SBA lending by industry and state. No spam, unsubscribe anytime.
We use your email only to send lending-trend updates. See our privacy policy.