Red River State Bank approved 13 SBA loans worth $8.7M between October 2021 and June 2026, ranking #1070 of 2,283 SBA lenders nationally by loan count. Its median loan was $350,000, and 31% went to startups or businesses under two years old. It lent in 3 states, most often in Minnesota, and its most financed industry was agriculture, forestry and fishing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 9 | $5.9M | $395,000 | #103 |
| Arizona | 3 | $2.5M | $200,000 | #126 |
| North Dakota | 1 | $330K | $330,300 | #67 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Agriculture, forestry and fishing | 8 | $362,650 | |
| Construction | 4 | $350,000 | |
| Real estate and rental | 1 | $1,250,000 |