Ultima Bank Minnesota
Headquartered in Winger, MN. Analysis based on 165 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $43.6M.
Total 7(a) loans
165
Total approved
$43.6M
Average loan
$264K
States funded in
3
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
41.10%
Average rate
6.03%
Average term
114 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 112111 | Beef Cattle Ranching and Farming | 34 |
| 111199 | All Other Grain Farming | 22 |
| 112130 | Dual-Purpose Cattle Ranching and Farming | 7 |
| 112120 | Dairy Cattle and Milk Production | 7 |
| 722410 | Drinking Places (Alcoholic Beverages) | 5 |
| 311920 | Coffee and Tea Manufacturing | 4 |
| 531390 | Other Activities Related to Real Estate | 4 |
| 339920 | Sporting and Athletic Goods Manufacturing | 3 |
| 524210 | Insurance Agencies and Brokerages | 3 |
| 621210 | Offices of Dentists | 3 |
Top 10 states
| State | Loans |
|---|---|
| MN | 158 |
| ND | 6 |
| OK | 1 |
Top franchise brands financed
2 franchise loans across 2 distinct brands.
| Franchise | Loans |
|---|---|
| H&R Block - Franchise License | 1 |
| Big Apple Bagels | 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.