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
308
2010–2026
Total Volume
$138M
Gross loan amounts
States Active
9
With recorded loans
Programs
7(a) & 504
308 total segments
Pioneer Bank has a strong focus on existing businesses, with 69% of their deals supporting established companies. This makes them a good fit for borrowers looking to expand or refinance rather than start a new venture.
With a 25% share of 504 loans, Pioneer Bank is more balanced in its offerings compared to the national average of 18%. This indicates a solid capability for financing real estate or large equipment purchases, which can be beneficial for businesses in growth phases.
Despite being a well-known SBA lender, Pioneer Bank is experiencing a decline in deal volume, with an 18% drop year-over-year. This trend may affect their responsiveness and approval rates, so potential borrowers should consider this when applying.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 76 504 loans, which use fixed SBA debenture rates.
States where Pioneer Bank has recorded SBA lending activity.
+ 4 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Specialty Trade Contractors
Construction
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Wholesale Trade
Wholesale Trade
Transportation & Warehousing
Transportation & Warehousing
Administrative & Waste Services
Administrative & Waste Services
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for Pioneer Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 22 | P+2.38% | $76K | Q4 2022 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 18 | P+2.50% | $261K | Q3 2020 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 10 | P+2.25% | $80K | Q2 2023 |
| Minnesota · Arts, Entertainment & Recreation · Under $150K | 7(a) | 9 | P+2.75% | $74K | Q3 2022 |
| Minnesota · Auto Repair & Maintenance · Under $150K | 7(a) | 6 | P+2.38% | $69K | Q1 2023 |
| Minnesota · Manufacturing · $500K – $1M | 7(a) | 6 | P+2.25% | $771K | Q3 2022 |
| Minnesota · General Merchandise · Under $150K | 7(a) | 5 | P+2.25% | $43K | Q1 2017 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 5 | P+2.25% | $47K | Q4 2019 |
| Virginia · Manufacturing · $150K – $350K | 7(a) | 5 | P+1.00% | $253K | Q1 2025 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 4 | P+3.13% | $67K | Q1 2015 |
| New Mexico · Physician & Dental Offices · Under $150K | 7(a) | 4 | P+3.25% | $64K | Q4 2014 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 4 | P+2.00% | $313K | Q4 2021 |
| New Mexico · Restaurants & Food Service · $150K – $350K | 7(a) | 4 | P+2.50% | $294K | Q3 2014 |
| Minnesota · Auto Dealers & Parts · Under $150K | 7(a) | 4 | P+2.63% | $78K | Q3 2020 |
| Minnesota · Wholesale Trade · Under $150K | 7(a) | 4 | P+2.60% | $76K | Q1 2022 |
| Minnesota · Retail Trade · Under $150K | 7(a) | 4 | P+2.75% | $73K | Q3 2020 |
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 4 | P+2.00% | $58K | Q3 2021 |
| Minnesota · Social Assistance · Under $150K | 7(a) | 4 | P+2.63% | $89K | Q3 2016 |
| Minnesota · Real Estate · Under $150K | 7(a) | 4 | P+1.94% | $113K | Q3 2020 |
| Minnesota · Miscellaneous Retail · Under $150K | 7(a) | 4 | P+4.13% | $63K | Q3 2018 |
| New Mexico · Restaurants & Food Service · Under $150K | 7(a) | 3 | P+4.00% | $63K | Q2 2020 |
| Minnesota · Manufacturing · $500K – $1M | 504 | 3 | — | $709K | Q4 2017 |
| Minnesota · Food & Beverage Stores · $150K – $350K | 7(a) | 3 | P+2.50% | $293K | Q2 2015 |
| New York · Manufacturing · $500K – $1M | 504 | 3 | — | $622K | Q1 2012 |
| Minnesota · Agriculture & Forestry · $150K – $350K | 504 | 3 | — | $270K | Q3 2016 |
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