State Bank of Faribault approved 13 SBA loans worth $2.1M between October 2021 and June 2026, ranking #1053 of 2,283 SBA lenders nationally by loan count. Its median loan was $100,000, and 62% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was construction.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 13 | $2.1M | $100,000 | #80 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Construction | 3 | $100,000 | |
| Transportation and warehousing | 3 | $100,000 | |
| Manufacturing | 2 | $322,500 | |
| Administrative and support services | 1 | $20,000 | |
| Health care and social assistance | 1 | $286,000 | |
| Finance and insurance | 1 | $70,000 | |
| Other services (repair, personal care) | 1 | $25,000 | |
| Restaurants and hotels | 1 | $125,000 |