Citizens National Bank of Park Rapids approved 11 SBA loans worth $2.6M between October 2021 and June 2026, ranking #1162 of 2,283 SBA lenders nationally by loan count. Its median loan was $161,300, and 45% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was other services (repair, personal care).
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 11 | $2.6M | $161,300 | #96 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Other services (repair, personal care) | 3 | $105,000 | |
| Restaurants and hotels | 3 | $380,000 | |
| Manufacturing | 2 | $119,650 | |
| Real estate and rental | 2 | $175,650 | |
| Arts, entertainment and recreation | 1 | $265,000 |