Minnesota Lakes Bank approved 12 SBA loans worth $2.6M between October 2021 and June 2026, ranking #1096 of 2,283 SBA lenders nationally by loan count. Its median loan was $206,750, and 50% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was administrative and support services.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 12 | $2.6M | $206,750 | #91 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Administrative and support services | 3 | $65,000 | |
| Restaurants and hotels | 3 | $230,000 | |
| Construction | 2 | $148,000 | |
| Manufacturing | 1 | $153,000 | |
| Real estate and rental | 1 | $369,800 | |
| Transportation and warehousing | 1 | $365,000 | |
| Wholesale trade | 1 | $270,000 |