Sherburne State Bank: SBA Lending Activity & Industry Focus
Based on historical SBA 7(a) lending data.
Total Approvals
5
by Sherburne State Bank
Total Volume
$3,044,000
approved amount
Median Loan Size
$393,000
per approval
Recent Activity
6
last 90 days through Dec 2022
Sherburne State Bank is a lender based in Minnesota. With 5 SBA 7(a) approvals and a typical loan size of $393,000, their lending data provides a detailed picture of where and how they deploy SBA capital.
What you should know
Key insights derived from Sherburne State Bank's SBA 7(a) lending history
Industry specialist: Electrical Contractors
60% of Sherburne State Bank's SBA loans go to just 3 industries: Electrical Contractors (20%), Sign Manufacturing (20%), All Other Professional (20%). If your business is in one of these sectors, Sherburne State Bank likely understands your industry's economics well — a major advantage during underwriting.
Accelerating SBA activity
Sherburne State Bank's SBA lending is trending up — 6 approvals in the last 6 months vs. 5 in the prior period (+20%). Increasing volume can signal improved capacity and appetite for new borrowers.
Local lender: primarily Minnesota
Sherburne State Bank focuses their SBA lending in 1 state, with 100% in Minnesota. Local lenders often prioritize community relationships and may be easier to work with if you're in their market.
Typical loan: $360,000
Sherburne State Bank's median SBA loan is $360,000, with the middle 50% between $200,000 and $620,000. They handle a range of loan sizes without strong concentration in any single band.
Smaller SBA program
Sherburne State Bank has 5 SBA 7(a) approvals. Their smaller volume may mean longer processing times, but could also mean more personalized attention for borrowers.
Lending trends for Sherburne State Bank
Loan size distribution
Based on 11 SBA 7(a) approvals
Summary
Median (50th percentile)
$360,000
25th percentile
$200,000
75th percentile
$620,000
Average
$481,464
Typical range
States served
State-by-state lending activity
| # | State | Approvals |
|---|---|---|
| 1 | Minnesota | 5 |
Sherburne State Bank by industry
Industry focus
| # | Industry | NAICS | Approvals |
|---|---|---|---|
| 1 | Other Computer Related Services | 541 | 1 |
| 2 | Plumbing, Heating, and Air-Conditioning Contractors | 238 | 1 |
| 3 | Private Mail Centers | 561 | 1 |
| 4 | Offices of Optometrists | 621 | 1 |
| 5 | All Other Miscellaneous Manufacturing | 339 | 1 |
Recent SBA 7(a) approvals by Sherburne State Bank
| Month | Borrower | Location | Industry | Amount |
|---|---|---|---|---|
| 2025-08 | Ely*****LLC | Clear Lake, MN | Wholesale Trade Agents and Brokers | $509,100 |
| 2025-06 | Pav*****LLC | Montrose, MN | Insurance Agencies and Brokerages | $54,000 |
| 2025-04 | ACM*****LLC | Princeton, MN | Landscaping Services | $300,000 |
| 2025-03 | AEM*****ion | Spring Lake Park, MN | Electrical Contractors | $200,000 |
| 2022-12 | H.C*****LLC | Becker, MN | Private Mail Centers | $216,000 |
| 2022-09 | JBT*****nc. | Buffalo, MN | Beauty Salons | $189,000 |
| 2021-05 | LaP*****nc. | Elk River, MN | All Other Miscellaneous Manufacturing | $1,455,000 |
| 2021-05 | Rap*****LLC | Cushing, MN | Plumbing, Heating, and Air-Conditioning Contractors | $360,000 |
| 2021-05 | Ela*****are | Monticello, MN | Offices of Optometrists | $620,000 |
| 2020-08 | Net*****Inc | Elk River, MN | Other Computer Related Services | $1,000,000 |
| 2019-10 | Net*****Inc | Elk River, MN | Other Computer Related Services | $393,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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