Security Bank USA
Headquartered in BEMIDJI, MN. Analysis based on 164 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $18.8M.
Total 7(a) loans
164
Total approved
$18.8M
Average loan
$115K
States funded in
5
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
51.49%
Average rate
6.77%
Average term
76 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 484230 | Specialized Freight (except Used Goods) Trucking, Long-Distance | 9 |
| 484110 | General Freight Trucking, Local | 9 |
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 9 |
| 238990 | All Other Specialty Trade Contractors | 8 |
| 561730 | Landscaping Services | 8 |
| 238910 | Site Preparation Contractors | 6 |
| 112111 | Beef Cattle Ranching and Farming | 5 |
| 721214 | Recreational and Vacation Camps (except Campgrounds) | 5 |
| 713990 | All Other Amusement and Recreation Industries | 5 |
| 713940 | Fitness and Recreational Sports Centers | 5 |
Top 10 states
| State | Loans |
|---|---|
| MN | 157 |
| TN | 3 |
| ND | 2 |
| CA | 1 |
| AZ | 1 |
Top franchise brands financed
9 franchise loans across 5 distinct brands.
| Franchise | Loans |
|---|---|
| Snap Fitness | 4 |
| abc Seamless | 2 |
| Little Caesars | 1 |
| Orton Oil Company, LLC (Petrol | 1 |
| Fundraising University | 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.