Wadena State Bank
Headquartered in WADENA, MN. Analysis based on 50 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $16.8M.
Total 7(a) loans
50
Total approved
$16.8M
Average loan
$337K
States funded in
1
Charge-off rate
2.13%
FY2020–FY2023 cohort
Paid-in-full rate
51.06%
Average rate
5.17%
Average term
96 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 112111 | Beef Cattle Ranching and Farming | 5 |
| 327110 | Pottery, Ceramics, and Plumbing Fixture Manufacturing | 4 |
| 524210 | Insurance Agencies and Brokerages | 4 |
| 722511 | Full-Service Restaurants | 3 |
| 238990 | All Other Specialty Trade Contractors | 3 |
| 312140 | Distilleries | 2 |
| 424410 | General Line Grocery Merchant Wholesalers | 2 |
| 721211 | RV (Recreational Vehicle) Parks and Campgrounds | 2 |
| 811192 | Car Washes | 2 |
| 441120 | Used Car Dealers | 2 |
Top 10 states
| State | Loans |
|---|---|
| MN | 50 |
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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.