# Red River State Bank SBA loans

**Short answer:** Red River State Bank made 95 SBA loans from October 2019 to June 2026, 6 of them since October 2023. The median term was 6 years, against 10 years for all lenders, per SBA's loan file.

Canonical page: https://www.sbaexpress.loans/sba-express-lenders/red-river-state-bank/
Data as of: 2026-06-30

This site is not Red River State Bank

sbaexpress.loans is not Red River State Bank, and Red River State Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. The loan figures here come from SBA's public 7(a) loan file, not from Red River State Bank.

## Loan sizes

$91,000: 25th percentile

$300,000: Median loan

$804,650: 75th percentile

6 years: Median term

The median loan Red River State Bank approved from October 2019 to June 2026 was $300,000. A quarter of its loans were smaller than $91,000 and a quarter were larger than $804,650. For all lenders the median was $200,000. Its median loan is larger than the all-lender median. The average loan was $620,098.

Share of loans by size, October 2019 to June 2026

- $50,000 or less: 17.9%
- $50,001 to $150,000: 14.7%
- $150,001 to $350,000: 24.2%
- $350,001 to $500,000: 8.4%
- $500,001 to $1,000,000: 13.7%
- $1,000,001 to $2,000,000: 13.7%
- Over $2,000,000: 7.4%

Shares are of all 95 loans. Fewer than 5 marks a band whose count we do not publish.

## Age of the businesses it lends to

The largest group was businesses in operation more than 2 years, at 76.8% of this lender's loans, against 54.6% for all lenders.

Share of loans by age of the business, October 2019 to June 2026

- In business more than 2 years: 76.8%
- In business 2 years or less: 11.6%
- Startup (the loan opens the business): 9.5%
- Change of ownership: Fewer than 5

Fewer than 5 marks a group whose count we do not publish.

## SBA Express and lines of credit

32.6% of this lender's loans went through SBA Express, below the 38.5% for all lenders. 26.3% were lines of credit, close to the 27.2% for all lenders.

**SBA Express and line-of-credit share, October 2019 to June 2026**

| Share of loans | Red River State Bank | All lenders |
| --- | --- | --- |
| Through SBA Express | 32.6% | 38.5% |
| Lines of credit | 26.3% | 27.2% |

A line of credit lets a business draw money, repay it and draw again. SBA's file flags these loans as revolving.

What SBA Express means

An SBA Express loan can be up to $500,000. On these loans, the lender makes the credit decision without prior SBA review.

Source: SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126); SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127).

## Where it lends

The most loans went to businesses in Minnesota: 64 of 95, or 67.4%. State is where the business is, not where the lender is based.

**Top states, October 2019 to June 2026**

| State | Loans | Share of its loans |
| --- | --- | --- |
| Minnesota | 64 | 67.4% |
| North Dakota | 19 | 20.0% |
| South Dakota | 7 | 7.4% |

## What it lends to

Oilseed and Grain Combination Farming had the most loans: 12 of 95. The table lists industries with 5 or more loans, at most five.

**Top industries, October 2019 to June 2026**

| Industry | Loans | Share of its loans |
| --- | --- | --- |
| Oilseed and Grain Combination Farming | 12 | 12.6% |
| Soybean Farming | 9 | 9.5% |
| [Landscaping Services](https://www.sbaexpress.loans/industries/landscaping-services/) | 8 | 8.4% |
| Corn Farming | 7 | 7.4% |
| [New Multifamily Housing Construction (except For-Sale Builders)](https://www.sbaexpress.loans/industries/new-multifamily-housing-construction/) | 7 | 7.4% |

Industry is the NAICS code recorded on each loan.

## About the lender

- **Type:** Bank
- **Location:** Halstad, MN (headquarters, per FDIC)
- **FDIC certificate number:** 15820
- **Official website:** [www.redriverbank.com](https://www.redriverbank.com) (as FDIC has it on file; we do not control it)

This page describes loans SBA approved. It does not show denied applications, today's rates, fees or credit standards. It is not an offer from Red River State Bank. To ask Red River State Bank about a loan, contact it directly.

## Starting rates and spread over Prime

SBA's file gives no starting-rate median across several years. Prime moved too much between 2019 and 2026 for one figure to mean anything.

Red River State Bank approved 95 loans from October 2019 to June 2026. The median spread on those loans was 1.25 percentage points over Prime, against 2.6 percentage points over Prime for all lenders.

On the 6 loans approved from October 2023 to June 2026, the median starting rate was 6.88%, against 10.25% for all lenders. That is a small group, so treat it as rough.

The starting rate follows Prime on the day a loan was approved. The spread over Prime is the steadier way to compare lenders and years. Spread is measured on variable-rate loans only.

SBA's ceiling on variable rates

For variable-rate loans, SBA caps the rate at Prime plus 3.0 to 6.5 percentage points, depending on loan size. Today's ceilings by loan size are on the [rates page](https://www.sbaexpress.loans/rates/).

Source: 13 CFR § 120.214(d).

## Loans by year

SBA loans approved by fiscal year

- FY2020: 23
- FY2021: 59
- FY2022: Fewer than 5
- FY2023: Fewer than 5
- FY2024: 0
- FY2025: Fewer than 5
- FY2026 (through June 30): Fewer than 5

SBA's fiscal year runs October 1 to September 30. FY2026 covers October 1, 2025 to June 30, 2026 only. Fewer than 5 marks a year whose count we do not publish.

## Charge-offs

0.0%: Charged off, by loans

0.0%: Charged off, by dollars

85: Loans approved FY2020 to FY2022

Red River State Bank approved 85 loans from October 2019 to September 2022. By June 30, 2026, none had been charged off. By loans that is lower than the 3.6% for all lenders. By dollars the rate was 0.0%, against 0.9% for all lenders.

How charge-offs are counted

We count only loans approved October 1, 2019 to September 30, 2022 (FY2020 to FY2022). Newer loans have not had time to go bad. A charge-off means the lender wrote the loan off as a loss. The rate by loans is charged-off loans divided by approved loans. The rate by dollars is the charged-off balance divided by approved dollars. Both run through June 30, 2026.

The two rates can differ widely for a lender that writes many small loans. A small loan adds one to the count but little to the dollars.

SBA's file covers approved loans only. This says nothing about how often applications are approved.

## Lenders with a similar number of loans

These five lenders are the nearest to Red River State Bank by number of SBA loans. Their pages show the same figures, so you can compare loan sizes and loan types.

**Lenders closest to Red River State Bank by loans, October 2019 to June 2026**

| Lender | Loans | Median loan | Express | Lines of credit | Charge-offs |
| --- | --- | --- | --- | --- | --- |
| [4Front Credit Union](https://www.sbaexpress.loans/sba-express-lenders/4front-credit-union/) | 96 | $182,500 | 31.2% | 16.7% | 0.0% |
| [California Bank of Commerce](https://www.sbaexpress.loans/sba-express-lenders/california-bank-of-commerce/) | 96 | $666,750 | 10.4% | 12.5% | Fewer than 5 |
| [Fidelity Bank (New Orleans, LA)](https://www.sbaexpress.loans/sba-express-lenders/fidelity-bank/) | 95 | $125,000 | 76.8% | 27.4% | Fewer than 5 |
| [Northeast Bank (Minneapolis, MN)](https://www.sbaexpress.loans/sba-express-lenders/northeast-bank-mn/) | 95 | $200,000 | 27.4% | 22.1% | 0.0% |
| **Red River State Bank** | 95 | $300,000 | 32.6% | 26.3% | 0.0% |
| [Trenton Business Assistance](https://www.sbaexpress.loans/sba-express-lenders/trenton-business-assistance/) | 95 | $150,000 | 0.0% | 0.0% | Fewer than 5 |

Express and lines of credit are shares of loans. Charge-offs are the share of loans approved October 2019 to September 2022 that had been charged off by June 30, 2026. Fewer than 5 marks a share that would stand for 1 to 4 loans, which we do not publish.

How to read this

Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Recent loans were approved October 1, 2023 to June 30, 2026. The full file starts October 1, 2019. SBA's fiscal year runs October 1 to September 30. Express counts SBA Express and Export Express loans. Spread over Prime is measured on variable-rate loans. [How we build these pages](https://www.sbaexpress.loans/method/).

## Sources

- [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)
- [13 CFR § 120.214(d)](https://www.ecfr.gov/current/title-13/section-120.214)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. B.1 (p. 126)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [SOP 50 10 8.1, Sec. B, Ch. 2, Para. C.2 (Para. C begins p. 127)](https://legacy.sba.gov/sites/default/files/2026-10/SOP%2050%2010%208.1%20Technical%20Policy%20Updates%20effective%20%2010.1.2026.docx)
- [FDIC BankFind: institution directory (headquarters and website)](https://banks.data.fdic.gov/bankfind-suite/bankfind)