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
190
2010–2026
Total Volume
$78M
Gross loan amounts
States Active
11
With recorded loans
Programs
7(a)
190 total segments
Red River State Bank is a 7(a)-only lender, focusing primarily on existing businesses, which make up 75% of their deals. This is beneficial for borrowers looking to expand or improve established operations.
With an average 7(a) spread of P+1.66%, Red River State Bank offers competitive pricing compared to the national median of ~P+2.75%. This could lead to significant savings on interest for borrowers.
The lender has experienced a 50% year-over-year growth, indicating a strong upward trajectory. This suggests they are actively seeking new borrowers and may be more flexible in approvals.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes.
States where Red River State Bank has recorded SBA lending activity.
+ 6 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Agriculture & Forestry
Agriculture & Forestry
Building Construction
Construction
Transportation & Warehousing
Transportation & Warehousing
Other Repair & Services
Other Services
Restaurants & Food Service
Accommodation & Food Services
Administrative & Waste Services
Administrative & Waste Services
Heavy & Civil Engineering
Construction
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
+ 7 more
All recorded SBA lending activity for Red River State Bank, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Agriculture & Forestry · Under $150K | 7(a) | 22 | P+2.00% | $102K | Q3 2023 |
| Minnesota · Agriculture & Forestry · $150K – $350K | 7(a) | 17 | P+1.00% | $249K | Q1 2021 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 9 | P+2.25% | $44K | Q3 2020 |
| Minnesota · Agriculture & Forestry · $500K – $1M | 7(a) | 9 | P+1.10% | $637K | Q2 2021 |
| Minnesota · Agriculture & Forestry · $350K – $500K | 7(a) | 8 | P+1.32% | $439K | Q2 2025 |
| North Dakota · Agriculture & Forestry · Under $150K | 7(a) | 7 | P+1.35% | $114K | Q1 2021 |
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 7 | P+2.75% | $78K | Q3 2020 |
| North Dakota · Other Repair & Services · Under $150K | 7(a) | 7 | P+1.00% | $108K | Q2 2020 |
| Minnesota · Administrative & Waste Services · Under $150K | 7(a) | 6 | P+2.13% | $27K | Q3 2021 |
| North Dakota · Agriculture & Forestry · $150K – $350K | 7(a) | 5 | P+2.25% | $275K | Q1 2022 |
| Illinois · Building Construction · Under $150K | 7(a) | 5 | P+2.25% | $140K | Q3 2017 |
| Minnesota · Agriculture & Forestry · $1M – $2M | 7(a) | 5 | P+0.75% | $1.5M | Q3 2021 |
| Minnesota · Heavy & Civil Engineering · $150K – $350K | 7(a) | 4 | P+1.38% | $266K | Q3 2022 |
| North Dakota · Agriculture & Forestry · $500K – $1M | 7(a) | 4 | P+1.00% | $793K | Q1 2021 |
| Minnesota · Agriculture & Forestry · $2M – $5M | 7(a) | 4 | P+1.00% | $2.7M | Q2 2025 |
| Minnesota · Building Construction · $500K – $1M | 7(a) | 3 | P+1.25% | $617K | Q3 2021 |
| South Dakota · Agriculture & Forestry · Under $150K | 7(a) | 3 | P+1.50% | $71K | Q2 2021 |
| Minnesota · General Merchandise · Under $150K | 7(a) | 3 | P+2.50% | $25K | Q2 2021 |
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 3 | P+3.25% | $23K | Q2 2020 |
| Minnesota · Other Repair & Services · Under $150K | 7(a) | 3 | P+1.25% | $14K | Q1 2021 |
| Minnesota · Physician & Dental Offices · Under $150K | 7(a) | 3 | P+2.25% | $115K | Q3 2017 |
| North Dakota · Arts, Entertainment & Recreation · $1M – $2M | 7(a) | 3 | P+1.10% | $1.5M | Q2 2021 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 7(a) | 3 | P+1.40% | $256K | Q2 2021 |
| North Dakota · Transportation & Warehousing · Under $150K | 7(a) | 3 | P+2.75% | $81K | Q3 2013 |
| South Dakota · Building Construction · $1M – $2M | 7(a) | 3 | P+1.10% | $1.6M | Q2 2021 |
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