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The Lender Report built this page from public records. Prime Security Bank has not reviewed it. Every lender's page starts this way, and it says nothing about Prime Security Bank itself. Each figure shows its source and date. Work at Prime Security Bank? You can claim this page for free.
SBA 7(a) record
Prime Security Bank: SBA 7(a) loans made
Prime Security Bank, a bank based in Karlstad, MN, made 8 SBA 7(a) loans in the 36 months ending September 30, 2026, $2.2M in all, net of cancelled approvals. The typical loan was about $180K, and 5 were in the last 12 months. Most were in Minnesota.
- Evidence
- SBA 7(a) loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 9, 2026
- Loans, 36 months
- 8
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $2.22M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $180K
- SBA FOIA,
- Largest loan
- $900K
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 5
- SBA FOIA,
Cite this
Source: The Lender Report, Prime Security Bank: SBA 7(a) loans made, https://lender.report/lender/prime-security-bank-mn/sba-7a/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Mar 2026 | Minnesota | SBA 7(a), Surgical and Medical Instrument Manufacturing | $500K | 8.25% | 10 yr | SBA FOIA | |
| Feb 2026 | Minnesota | SBA 7(a), Limited-Service Restaurants | $900K | 6.75% | 10 yr | SBA FOIA | |
| Jan 2026 | Minnesota | SBA 7(a), Manufacturing | $50K | 8.75% | 10 yr | SBA FOIA | |
| Nov 2025 | Minnesota | SBA 7(a), Offices of Certified Public Accountants | $350K | 6.75% | 10 yr | SBA FOIA | |
| Nov 2025 | Minnesota | SBA 7(a), Offices of Certified Public Accountants | $150K | 8% | 10 yr | SBA FOIA | |
| Feb 2025 | Minnesota | SBA 7(a), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services | $45K | 9% | 10 yr | SBA FOIA | |
| Mar 2024 | Minnesota | SBA 7(a), Landscaping Services | $45K | 10.5% | 10 yr | SBA FOIA | |
| Dec 2023 | Minnesota | SBA 7(a), Plumbing, Heating, and Air-Conditioning Contractors | $180K | 9.5% | 10 yr | SBA FOIA | |
| 8 SBA 7(a) loans since October 2023, net of cancelled | $2.22M | SBA FOIA | |||||
A blank means the source did not report it.
| State | Loans | Dollars |
|---|---|---|
| Minnesota | 8 | $2.22M |
SBA loans are on record by state only.
| Loan size | Loans | Dollars |
|---|---|---|
| Under $150K | 3 | $140K |
| $150K to $350K | 2 | $330K |
| $350K to $1M | 3 | $1.75M |
| $1M to $2.5M | 0 | $0 |
| $2.5M or more | 0 | $0 |
| Quarter | Loans | Dollars |
|---|---|---|
| 2023 Q4 | 1 | $180K |
| 2024 Q1 | 1 | $45.0K |
| 2025 Q1 | 1 | $45.0K |
| 2025 Q4 | 2 | $500K |
| 2026 Q1 | 3 | $1.45M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | Loans |
|---|---|
| Offices of Certified Public Accountants (541211) | 2 |
| Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210) | 1 |
| Landscaping Services (561730) | 1 |
| Limited-Service Restaurants (722513) | 1 |
| Manufacturing | 1 |
| Plumbing, Heating, and Air-Conditioning Contractors (238220) | 1 |
| Surgical and Medical Instrument Manufacturing (339112) | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| SBA Express Program | 6 |
| Preferred Lenders Program | 2 |
- Prime Security Bank made 8 SBA 7(a) loans totaling $2.2M in the 36 months ending September 30, 2026, net of cancelled approvals, in 1 state. SBA FOIA,
- 5 of them were in the 12 months to September 30, 2026, and 1 in the 12 months before. SBA FOIA,
- The typical loan was about $180K, with the middle half between $50K and $500K. SBA FOIA,
- The largest was about $900K. Every amount is rounded to 2 significant figures. SBA FOIA,
- 3 loans were under $150K, and 0 were $1M or more. SBA FOIA,
- The SBA file shows a median initial rate of 8.75% on 8 loans, with the middle half between 8.00% and 9.50%. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Its loans went most often to Offices of Certified Public Accountants, with 2. SBA FOIA,
- The SBA file lists 6 of its loans as processed under SBA Express Program. SBA FOIA,
- Its loans were most often in Minnesota (8). SBA FOIA,
What we don't know
- Whether Prime Security Bank is taking new SBA 7(a) loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
Loans are SBA approvals, net of cancelled approvals.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.