SBA lender profile
Wadena State Bank
Wadena State Bank appears in the public SBA loan data with 77 funded 7(a) loans since FY2010, totaling $33.7M, an average of $437K per loan, and an estimated 1,614 jobs supported. Its SBA lending concentrates in Minnesota and the Agriculture, Forestry, Fishing sector. Across its 7(a) loans, the charge-off rate is 3.9%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 67
- Scale 45
- Activity 40
- Consistency 77
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Wadena State Bank the right lender for you?
Lenders fund what they know. Wadena State Bank's SBA lending concentrates in Minnesota (77 loans) and Agriculture, Forestry, Fishing (10 loans), at an average loan of $437K. 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
- $204M
- Headquarters
- Wadena, MN
- FDIC cert
- #13430
- Status
- Active
Where Wadena State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 77 | $33.7M |
Metro areas where Wadena State Bank funds
What Wadena State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Agriculture, Forestry, Fishing | 10 | $8.4M |
| Wholesale Trade | 4 | $7.1M |
| Retail Trade | 10 | $4.6M |
| Finance and Insurance | 7 | $3.8M |
| Manufacturing | 14 | $2.9M |
| Construction | 10 | $2.3M |
Wadena State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 5 | $624K |
| 2011 | 3 | $251K |
| 2012 | 1 | $130K |
| 2013 | 1 | $1.9M |
| 2014 | 4 | $2.8M |
| 2015 | 2 | $378K |
| 2016 | 3 | $1.3M |
| 2017 | 4 | $5.6M |
| 2018 | 2 | $3.5M |
| 2019 | 2 | $394K |
| 2020 | 18 | $6.0M |
| 2021 | 20 | $5.5M |
| 2022 | 5 | $1.8M |
| 2023 | 4 | $542K |
| 2024 | 2 | $397K |
| 2025 | 1 | $2.5M |
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.
Wadena State Bank: frequently asked questions
Does Wadena State Bank offer SBA loans?
Yes. Wadena State Bank appears in the public SBA data with 77 funded SBA 7(a) loans totaling $33.7M.
How many SBA loans has Wadena State Bank made?
Wadena State Bank is associated with 77 SBA 7(a) loans totaling $33.7M in the public SBA data (as of 2026-03-31).
What is Wadena State Bank's SBA charge-off rate?
About 3.9% of Wadena State Bank'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 Wadena State Bank do most of its SBA lending?
Wadena State Bank's SBA lending in the data is most concentrated in Minnesota, and by industry in Agriculture, Forestry, Fishing.
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). Wadena State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/wadena-state-bank/
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