SBA 7(a) lenders in Beltrami, MN

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

27 institutions have SBA 7(a) loans on record in Beltrami, together $72.1M across 401 loans. Security Bank USA is the largest, with 41% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Security Bank USA	225	$29.5M	40.9%	1.92%
2	Ultima Bank Minnesota	79	$13.3M	18.5%	1.70%
3	Bank Forward	30	$4.9M	6.7%	10.70%
4	Live Oak Banking Company	1	$3.5M	4.9%	0.00%
5	KodaBank	2	$3.1M	4.4%	0.00%
6	National Bank of Commerce	11	$2.8M	3.8%	0.00%
7	Old National Bank	2	$2.5M	3.5%	0.00%
8	The First National Bank of Bemidji	7	$2.0M	2.8%	0.00%
9	BankVista	4	$1.8M	2.5%	0.00%
10	Deerwood Bank	7	$1.5M	2.1%	0.62%
11	Citizens State Bank-Midwest	1	$1.5M	2.1%	0.00%
12	Wells Fargo Bank National Association	7	$1.1M	1.5%	1.68%
13	Choice Financial Group	1	$975K	1.4%	0.00%
14	Affinity Plus FCU	5	$767K	1.1%	19.15%
15	Byline Bank	2	$660K	0.9%	0.00%
16	Newtek Bank, National Association	2	$500K	0.7%	0.00%
17	Stearns Bank National Association	1	$350K	0.5%	0.00%
18	The Citizens National Bank of Park Rapids	5	$318K	0.4%	0.00%
19	Magnifi Financial CU	1	$307K	0.4%	0.00%
20	United Midwest Savings Bank National Association	1	$150K	0.2%	0.00%
21	The Huntington National Bank	1	$150K	0.2%	0.00%
22	Northwoods Bank of Minnesota	1	$120K	0.2%	0.00%
23	Northeast Bank	1	$100K	0.1%	0.00%
24	Western National Bank	1	$61K	0.1%	48.77%
25	First Western Bank & Trust	1	$49K	0.1%	0.00%
26	BMO Bank National Association	1	$24K	0.0%	87.92%
27	SoFi Bank, National Association	1	$20K	0.0%	0.00%

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Retail trade	55	$10.6M	14.8%
2	Other services	36	$7.7M	10.7%
3	Retail trade	26	$7.5M	10.4%
4	Construction	42	$6.4M	8.9%
5	Health care & social assistance	17	$5.6M	7.8%
6	Accommodation & food services	38	$5.0M	7.0%
7	Transportation & warehousing	37	$4.5M	6.2%
8	Agriculture, forestry & fishing	32	$4.1M	5.7%
9	Manufacturing	13	$4.0M	5.5%
10	Manufacturing	19	$2.6M	3.7%
11	Real estate & leasing	12	$2.5M	3.5%
12	Transportation & warehousing	4	$2.0M	2.8%
13	Wholesale trade	12	$2.0M	2.8%
14	Mining & extraction	4	$1.7M	2.3%
15	Professional & technical services	16	$1.5M	2.1%
16	Administrative & waste services	12	$1.1M	1.5%
17	Arts, entertainment & recreation	13	$938K	1.3%
18	Manufacturing	5	$697K	1.0%
19	Finance & insurance	5	$626K	0.9%
20	Information	1	$315K	0.4%
21	Utilities	1	$298K	0.4%
22	Educational services	1	$147K	0.2%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.