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Bank · Winger, MN

Ultima Bank Minnesota: SBA lending profile

SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
50
SBA loans approved
$15.5M
Total approved
$162,000
Median loan
3
States lent in
18%
To startups
#566
National rank by loans

Ultima Bank Minnesota approved 50 SBA loans worth $15.5M between October 2021 and June 2026, ranking #566 of 2,283 SBA lenders nationally by loan count. Its median loan was $162,000, and 18% 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.

SBA loans per fiscal year

0275380FY14: 18 loansFY14FY15: 18 loansFY15FY16: 26 loansFY16FY17: 18 loansFY17FY18: 8 loansFY18FY19: 10 loansFY19FY20: 45 loansFY20FY21: 73 loansFY2173FY22: 17 loansFY22FY23: 11 loansFY23FY24: 14 loansFY24FY25: 5 loansFY25FY26 (Oct to Jun): 3 loansFY263
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Ultima Bank Minnesota lends

StateLoansApprovedMedian loanRank in state
Minnesota48$15.1M$152,000#41
North Dakota1$250K$250,000#79
Oklahoma1$190K$190,000#208

Industries Ultima Bank Minnesota finances

IndustryLoansShareMedian loan
Agriculture, forestry and fishing21
42%
$154,000
Retail9
18%
$150,000
Restaurants and hotels5
10%
$135,000
Other services (repair, personal care)3
6%
$240,000
Arts, entertainment and recreation3
6%
$347,000
Construction2
4%
$310,000
Real estate and rental2
4%
$597,500
Wholesale trade2
4%
$82,500
Manufacturing1
2%
$50,000
Health care and social assistance1
2%
$100,000
Loan size mix
  • Under $150,00046%
  • $150,000 to $500,00040%
  • $500,000 to $2 million12%
  • $2 million and up2%
Loan programs used
  • SBA Express60%
  • Preferred Lender (PLP)34%
  • Standard 7(a)4%
  • CAPLines2%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.