SBA lender profile
Ultima Bank Minnesota
Ultima Bank Minnesota appears in the public SBA loan data with 166 funded 7(a) loans totaling $43.6M, an average of $263K per loan, and an estimated 1,262 jobs supported. Its SBA lending concentrates in Minnesota and the Agriculture, Forestry, Fishing 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
166
Total volume
$43.6M
Average loan size
$263K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
1,262
Programs
7(a)
Bank profile
via FDIC- Total assets
- $319M
- Headquarters
- Winger, MN
- FDIC cert
- #8867
- Status
- Active
Where Ultima Bank Minnesota lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 159 | $41.1M |
| North Dakota | 6 | $2.3M |
| Oklahoma | 1 | $190K |
What Ultima Bank Minnesota funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Agriculture, Forestry, Fishing | 74 | $16.2M |
| Real Estate | 8 | $7.8M |
| Transportation and Warehousing | 8 | $4.0M |
| Retail Trade | 15 | $3.5M |
| Health Care and Social Assistance | 6 | $2.1M |
| Accommodation and Food Services | 9 | $1.8M |
Ultima Bank Minnesota SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 45 | $8.3M |
| 2021 | 73 | $20.2M |
| 2022 | 17 | $4.0M |
| 2023 | 11 | $5.2M |
| 2024 | 14 | $4.7M |
| 2025 | 5 | $1.1M |
| 2026 | 1 | $50K |
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 Ultima Bank Minnesota'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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