SBA lender profile
Welcome State Bank
Welcome State Bank appears in the public SBA loan data with 34 funded 7(a) loans since FY2010, totaling $3.8M, an average of $111K per loan, and an estimated 153 jobs supported. Its SBA lending concentrates in Minnesota and the Agriculture, Forestry, Fishing 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 78
- Scale 5
- Activity 20
- Consistency 76
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is Welcome State Bank the right lender for you?
Lenders fund what they know. Welcome State Bank's SBA lending concentrates in Minnesota (34 loans) and Agriculture, Forestry, Fishing (12 loans), at an average loan of $111K. 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
- $44M
- Headquarters
- Welcome, MN
- FDIC cert
- #11417
- Status
- Active
Where Welcome State Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Minnesota | 34 | $3.8M |
Metro areas where Welcome State Bank funds
What Welcome State Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Agriculture, Forestry, Fishing | 12 | $1.1M |
| Retail Trade | 6 | $821K |
| Manufacturing | 5 | $772K |
| Professional and Technical Services | 2 | $504K |
| Construction | 3 | $200K |
| Health Care and Social Assistance | 2 | $190K |
Welcome State Bank SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 6 | $494K |
| 2011 | 1 | $200K |
| 2012 | 1 | $70K |
| 2013 | 2 | $200K |
| 2014 | 1 | $85K |
| 2015 | 1 | $97K |
| 2016 | 1 | $80K |
| 2017 | 5 | $603K |
| 2018 | 3 | $252K |
| 2019 | 2 | $192K |
| 2020 | 2 | $81K |
| 2021 | 3 | $263K |
| 2022 | 4 | $543K |
| 2023 | 1 | $500K |
| 2024 | 1 | $100K |
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.
Welcome State Bank: frequently asked questions
Does Welcome State Bank offer SBA loans?
Yes. Welcome State Bank appears in the public SBA data with 34 funded SBA 7(a) loans totaling $3.8M.
How many SBA loans has Welcome State Bank made?
Welcome State Bank is associated with 34 SBA 7(a) loans totaling $3.8M in the public SBA data (as of 2026-03-31).
What is Welcome State Bank's SBA charge-off rate?
About 0.0% of Welcome 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 Welcome State Bank do most of its SBA lending?
Welcome 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). Welcome State Bank SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/welcome-state-bank/
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