Lake Region Bank approved 13 SBA loans worth $1.5M between October 2021 and June 2026, ranking #1075 of 2,283 SBA lenders nationally by loan count. Its median loan was $76,500, and 38% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was transportation and warehousing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 13 | $1.5M | $76,500 | #81 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Transportation and warehousing | 3 | $76,500 | |
| Construction | 2 | $31,500 | |
| Real estate and rental | 2 | $155,500 | |
| Other services (repair, personal care) | 2 | $159,750 | |
| Professional and technical services | 1 | $10,500 | |
| Administrative and support services | 1 | $162,400 | |
| Restaurants and hotels | 1 | $11,500 | |
| Retail | 1 | $350,000 |