SBA lender profile
Ultima Bank Minnesota
Ultima Bank Minnesota appears in the public SBA loan data with 323 funded 7(a) loans since FY2010, totaling $73.6M, an average of $228K per loan, and an estimated 2,527 jobs supported. Its SBA lending concentrates in Minnesota and the Agriculture, Forestry, Fishing sector. Across its 7(a) loans, the charge-off rate is 1.2%. 16.7% of its 7(a) loans were processed under delegated PLP authority.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 84
- Scale 70
- Activity 60
- Consistency 80
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Ultima Bank Minnesota the right lender for you?
Lenders fund what they know. Ultima Bank Minnesota's SBA lending concentrates in Minnesota (310 loans) and Agriculture, Forestry, Fishing (83 loans), at an average loan of $228K. 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
- $319M
- Headquarters
- Winger, MN
- FDIC cert
- #8867
- Status
- Active
Where Ultima Bank Minnesota lends
Top states by funded SBA volume.
Metro areas where Ultima Bank Minnesota funds
What Ultima Bank Minnesota funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Agriculture, Forestry, Fishing | 83 | $17.7M |
| Retail Trade | 48 | $14.1M |
| Real Estate | 8 | $7.8M |
| Manufacturing | 30 | $5.5M |
| Construction | 35 | $5.4M |
| Transportation and Warehousing | 19 | $4.6M |
Ultima Bank Minnesota SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 15 | $4.7M |
| 2011 | 24 | $4.7M |
| 2012 | 8 | $1.1M |
| 2013 | 12 | $1.9M |
| 2014 | 18 | $1.5M |
| 2015 | 18 | $2.9M |
| 2016 | 26 | $6.5M |
| 2017 | 18 | $4.7M |
| 2018 | 8 | $653K |
| 2019 | 10 | $1.3M |
| 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 |
Related SBA lenders
Other lenders active in Minnesota or in Agriculture, Forestry, Fishing.
Comparing lenders? See how to choose an SBA lender by track record.
Ultima Bank Minnesota: frequently asked questions
Does Ultima Bank Minnesota offer SBA loans?
Yes. Ultima Bank Minnesota appears in the public SBA data with 323 funded SBA 7(a) loans totaling $73.6M.
How many SBA loans has Ultima Bank Minnesota made?
Ultima Bank Minnesota is associated with 323 SBA 7(a) loans totaling $73.6M in the public SBA data (as of 2026-03-31).
What is Ultima Bank Minnesota's SBA charge-off rate?
About 1.2% of Ultima Bank Minnesota'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 Ultima Bank Minnesota do most of its SBA lending?
Ultima Bank Minnesota's SBA lending in the data is most concentrated in Minnesota, and by industry in Agriculture, Forestry, Fishing.
Is Ultima Bank Minnesota an SBA Preferred Lender (PLP)?
The loan record shows Ultima Bank Minnesota operating under PLP delegated authority: 54 of its 7(a) loans (16.7%) were processed through the Preferred Lenders Program, including 10 in FY2024–2026. The SBA grants and renews PLP status and publishes no public roster, so this is the processing record, not a certification.
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). Ultima Bank Minnesota SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/ultima-bank-minnesota/
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.