ProGrowth Bank approved 14 SBA loans worth $4.0M between October 2021 and June 2026, ranking #1034 of 2,283 SBA lenders nationally by loan count. Its median loan was $125,000, and 14% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was retail.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 14 | $4.0M | $125,000 | #75 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Retail | 4 | $565,000 | |
| Construction | 2 | $53,600 | |
| Manufacturing | 2 | $49,500 | |
| Other services (repair, personal care) | 2 | $66,000 | |
| Finance and insurance | 1 | $785,100 | |
| Agriculture, forestry and fishing | 1 | $475,000 | |
| Administrative and support services | 1 | $100,000 | |
| Wholesale trade | 1 | $150,000 |