Construction lenders in Pennington, MN
Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.
3 institutions have SBA 7(a) loans on record to this industry in Pennington, MN, together $874K across 4 loans. Ultima Bank Minnesota is the largest, with 41% of approvals.
Lenders
| Rank | Lender | Loans | Approved | Share |
|---|---|---|---|---|
| 1 | Ultima Bank Minnesota | 2 | $354K | 40.5% |
| 2 | American State Bank and Trust Company of Williston | 1 | $350K | 40.0% |
| 3 | Border Bank | 1 | $170K | 19.5% |
See construction lenders nationally
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.