STRONG
How competitive are their spreads? Lower = better for you.
GOOD
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
354
2010–2026
Total Volume
$94M
Gross loan amounts
States Active
12
With recorded loans
Programs
7(a) & 504
354 total segments
Granite Bank has a strong focus on existing businesses, with 60% of their deals serving this segment. This makes them a good choice for established companies looking to expand or refinance.
With an average 7(a) spread of P+1.81%, Granite Bank offers competitive pricing compared to the national median of P+2.75%. This could save you money on interest over the life of your loan.
Granite Bank's deal volume has decreased by 40% year-over-year, indicating a potential tightening in their lending criteria. Borrowers may face more scrutiny during the approval process.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 33 504 loans, which use fixed SBA debenture rates.
States where Granite Bank has recorded SBA lending activity.
+ 7 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Transportation & Warehousing
Transportation & Warehousing
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Restaurants & Food Service
Accommodation & Food Services
Wholesale Trade
Wholesale Trade
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Management & IT Consulting
Professional Services
Building Construction
Construction
+ 7 more
All recorded SBA lending activity for Granite Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 49 | P+2.75% | $77K | Q1 2025 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 27 | P+2.00% | $63K | Q3 2025 |
| Minnesota · Transportation & Warehousing · $150K – $350K | 7(a) | 17 | P+2.75% | $200K | Q1 2025 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 12 | P+2.25% | $53K | Q3 2024 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 10 | P+2.00% | $271K | Q4 2022 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 10 | P+2.00% | $257K | Q4 2022 |
| Minnesota · Social Assistance · Under $150K | 7(a) | 9 | P+2.25% | $74K | Q4 2022 |
| Minnesota · Management & IT Consulting · Under $150K | 7(a) | 9 | P+2.25% | $71K | Q4 2022 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 9 | P+1.75% | $74K | Q3 2025 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 8 | P+2.00% | $50K | Q3 2021 |
| Minnesota · Legal Services · Under $150K | 7(a) | 8 | P+2.50% | $67K | Q4 2022 |
| Minnesota · Other Health Practitioners · Under $150K | 7(a) | 8 | P+1.88% | $68K | Q1 2025 |
| Minnesota · Wholesale Trade · Under $150K | 7(a) | 7 | P+2.75% | $88K | Q1 2023 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 6 | P+2.13% | $86K | Q3 2021 |
| Minnesota · Arts, Entertainment & Recreation · Under $150K | 7(a) | 5 | P+1.25% | $68K | Q4 2019 |
| Minnesota · Building Construction · Under $150K | 7(a) | 5 | P+2.50% | $67K | Q4 2023 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 4 | P+2.75% | $847K | Q3 2025 |
| Minnesota · Wholesale Trade · $150K – $350K | 7(a) | 4 | P+2.25% | $218K | Q3 2020 |
| Minnesota · Gas Stations · Under $150K | 7(a) | 3 | P+1.75% | $135K | Q3 2021 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 7(a) | 3 | P+1.75% | $247K | Q4 2023 |
| Minnesota · Education · Under $150K | 7(a) | 3 | P+3.50% | $49K | Q2 2020 |
| Minnesota · Auto Dealers & Parts · Under $150K | 7(a) | 3 | P+2.00% | $72K | Q1 2018 |
| Minnesota · Personal Care (Salons, Spas) · Under $150K | 7(a) | 3 | P+2.00% | $77K | Q4 2023 |
| Minnesota · Laundry & Dry Cleaning · Under $150K | 7(a) | 3 | P+3.75% | $44K | Q1 2013 |
| Minnesota · Management & IT Consulting · $150K – $350K | 7(a) | 3 | P+1.00% | $267K | Q4 2025 |
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