Cornerstone Bank approved 14 SBA loans worth $5.0M between October 2021 and June 2026, ranking #1039 of 2,283 SBA lenders nationally by loan count. Its median loan was $213,000, and 43% went to startups or businesses under two years old. It lent in 3 states, most often in North Dakota, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| North Dakota | 9 | $4.1M | $275,000 | #23 |
| Minnesota | 4 | $731K | $190,650 | #150 |
| South Dakota | 1 | $200K | $200,000 | #52 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 5 | $200,000 | |
| Other services (repair, personal care) | 3 | $400,000 | |
| Administrative and support services | 1 | $226,000 | |
| Arts, entertainment and recreation | 1 | $522,800 | |
| Health care and social assistance | 1 | $275,000 | |
| Construction | 1 | $1,047,100 | |
| Restaurants and hotels | 1 | $181,300 | |
| Transportation and warehousing | 1 | $165,000 |