Granite Bank approved 110 SBA loans worth $23.8M between October 2021 and June 2026, ranking #334 of 2,283 SBA lenders nationally by loan count. Its median loan was $146,000, and 39% went to startups or businesses under two years old. It lent in 11 states, most often in Minnesota, and its most financed industry was transportation and warehousing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 99 | $21.0M | $130,000 | #21 |
| Ohio | 2 | $560K | $280,000 | #185 |
| Arizona | 1 | $300K | $300,000 | #192 |
| Georgia | 1 | $500K | $500,000 | #225 |
| Colorado | 1 | $190K | $190,000 | #224 |
| Indiana | 1 | $205K | $205,000 | #200 |
| Illinois | 1 | $328K | $327,500 | #267 |
| North Carolina | 1 | $250K | $250,000 | #196 |
| North Dakota | 1 | $176K | $176,000 | #75 |
| Texas | 1 | $250K | $250,000 | #404 |
| Wisconsin | 1 | $50K | $50,000 | #243 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Transportation and warehousing | 29 | $105,000 | |
| Construction | 16 | $100,000 | |
| Professional and technical services | 13 | $90,000 | |
| Health care and social assistance | 9 | $100,000 | |
| Manufacturing | 8 | $210,000 | |
| Restaurants and hotels | 7 | $135,000 | |
| Arts, entertainment and recreation | 7 | $250,000 | |
| Real estate and rental | 4 | $200,000 | |
| Other services (repair, personal care) | 4 | $201,250 | |
| Retail | 4 | $500,000 |