Wadena State Bank approved 12 SBA loans worth $5.3M between October 2021 and June 2026, ranking #1104 of 2,283 SBA lenders nationally by loan count. Its median loan was $250,000, and 25% went to startups or businesses under two years old. It lent in 1 states, most often in Minnesota, and its most financed industry was agriculture, forestry and fishing.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 12 | $5.3M | $250,000 | #89 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Agriculture, forestry and fishing | 3 | $300,000 | |
| Construction | 3 | $305,000 | |
| Manufacturing | 3 | $115,000 | |
| Finance and insurance | 2 | $535,000 | |
| Restaurants and hotels | 1 | $150,000 |