Red River State Bank
Headquartered in HALSTAD, MN. Analysis based on 96 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $61.4M.
Total 7(a) loans
96
Total approved
$61.4M
Average loan
$639K
States funded in
6
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
60.22%
Average rate
5.00%
Average term
92 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 111191 | Oilseed and Grain Combination | 12 |
| 111110 | Soybean Farming | 9 |
| 236116 | New Multifamily Housing Construction (except Operative Builders) | 9 |
| 561730 | Landscaping Services | 8 |
| 111150 | Corn Farming | 7 |
| 237990 | Other Heavy and Civil Engineering Construction | 6 |
| 115112 | Soil Preparation, Planting, and Cultivating | 5 |
| 115210 | Support Activities for Animal Production | 4 |
| 112111 | Beef Cattle Ranching and Farming | 4 |
| 711510 | Independent Artists, Writers, and Performers | 3 |
Top 10 states
| State | Loans |
|---|---|
| MN | 66 |
| ND | 19 |
| SD | 8 |
| CA | 1 |
| AZ | 1 |
| WI | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.