28 SBA loans worth $15.1M went to businesses in River Falls, WI between October 2021 and June 2026, from 13 lenders. Bell Bank made the most, 4 loans. The median loan was $244,000, compared with $269,000 across Wisconsin, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Bell Bank Bank · Fargo, ND | 4 | $3.1M | $342,100 | 25% |
| 2 | Hiawatha National Bank Bank · Hager City, WI | 4 | $1.6M | $262,500 | 75% |
| 3 | Citizens State Bank Bank · Hudson, WI | 3 | $754K | $75,000 | 100% |
| 4 | Alerus Financial Bank · Grand Forks, ND | 2 | $4.6M | $2,300,000 | 0% |
| 5 | Nicolet National Bank Bank · Green Bay, WI | 2 | $1.6M | $811,750 | 0% |
| 6 | WBD Certified development company · Madison, WI | 2 | $1.1M | $548,000 | 50% |
| 7 | BankVista Bank · Sartell, MN | 2 | $1.0M | $513,000 | 50% |
| 8 | Wisconsin Women's Business Initiative Non-bank lender · Milwaukee, WI | 2 | $350K | $175,000 | 50% |
| 9 | First National Community Bank Bank · New Richmond, WI | 2 | $75K | $37,500 | 100% |
| 10 | U.S. Bank Bank · Cincinnati, OH | 2 | $42K | $21,000 | 0% |
| 11 | Magnifi Financial CU Credit union · Melrose, MN | 1 | $617K | $617,300 | 100% |
| 12 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $254K | $254,000 | 0% |
| 13 | Wells Fargo Bank Bank · Sioux Falls, SD | 1 | $15K | $15,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 6 | $342,100 | Bell Bank | |
| Restaurants and hotels | 5 | $200,000 | Wisconsin Women's Business Initiative | |
| Arts, entertainment and recreation | 3 | $75,000 | Citizens State Bank | |
| Retail | 3 | $50,000 | First National Community Bank | |
| Construction | 3 | $225,000 | Hiawatha National Bank | |
| Transportation and warehousing | 2 | $811,750 | Nicolet National Bank | |
| Real estate and rental | 2 | $140,500 | WBD | |
| Administrative and support services | 1 | $35,000 | Hiawatha National Bank |