SBA lending by metro area
SBA lenders in Bemidji, MN
Which lenders fund Bemidji-area businesses, how much, and how the market compares with Minnesota: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Bemidji area
Ranked by SBA volume funded to businesses located in the Bemidji micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Midwest Business Finance Corporation | 53 | $36.9M | $696K | not reported |
| 2 | Security Bank USA | 210 | $26.1M | $124K | 0.95% |
| 3 | Ultima Bank Minnesota | 71 | $10.9M | $154K | 0.00% |
| 4 | Central Minnesota Development Company | 16 | $9.8M | $609K | not reported |
| 5 | Bank Forward | 24 | $3.9M | $161K | 0.00% |
| 6 | The First National Bank of Bemidji | 5 | $1.7M | $347K | not reported |
| 7 | Deerwood Bank | 5 | $1.4M | $289K | not reported |
| 8 | Wells Fargo Bank National Association | 7 | $1.1M | $153K | not reported |
| 9 | Affinity Plus FCU | 5 | $767K | $153K | not reported |
| 10 | The Citizens National Bank of Park Rapids | 5 | $318K | $64K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Bemidji compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Bemidji area | $105K ▼ 35.1% | 16.7% ▲ 1.6 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Bemidji
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 63 | $32.7M |
| Retail Trade | 92 | $23.8M |
| Health Care and Social Assistance | 23 | $9.5M |
| Manufacturing | 32 | $9.4M |
| Other Services | 37 | $8.2M |
| Construction | 41 | $7.5M |
| Transportation and Warehousing | 38 | $6.1M |
| Agriculture, Forestry, Fishing | 31 | $4.1M |
SBA lending in Bemidji by year
Geography, precisely
"Bemidji area" here means the Bemidji, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Beltrami County, MN. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.