Ultima Bank Minnesota
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Ultima Bank Minnesota
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 112111 | Beef Cattle Ranching and Farming | 272 | $33.8M | $124K | 20.6% |
| 111199 | All Other Grain Farming | 176 | $74.0M | $420K | 13.3% |
| 112120 | Dairy Cattle and Milk Production | 56 | $14.2M | $254K | 4.2% |
| 112130 | Dual-Purpose Cattle Ranching and Farming | 56 | $1.8M | $32K | 4.2% |
| 722410 | Drinking Places (Alcoholic Beverages) | 40 | $5.9M | $148K | 3.0% |
| 311920 | Coffee and Tea Manufacturing | 32 | $1.8M | $57K | 2.4% |
| 531390 | Other Activities Related to Real Estate | 32 | $12.9M | $404K | 2.4% |
| 445210 | Meat Markets | 24 | $616K | $26K | 1.8% |
| 339920 | Sporting and Athletic Goods Manufacturing | 24 | $720K | $30K | 1.8% |
| 621210 | Offices of Dentists | 24 | $7.2M | $300K | 1.8% |
Geographic Distribution
SBA lending activity for Ultima Bank Minnesota by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 1,264 | $328.8M | 95.8% |
| North Dakota (ND) | 48 | $18.1M | 3.6% |
| Oklahoma (OK) | 8 | $1.5M | 0.6% |
Why Choose Ultima Bank Minnesota?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 1,320 SBA loans approved, totaling $348.4M in financing
- ✓Industry Expertise: Specialized focus on Beef Cattle Ranching and Farming, All Other Grain Farming, Dairy Cattle and Milk Production
- ✓Competitive Terms: Average interest rate of 6.03% with flexible term lengths averaging 114 months
- ✓Loan Range: Loan sizes from $8K to $4.0M, with an average of $264K
- ✓Nationwide Reach: Active lending in 3 states, with strong presence in MN, ND, OK
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Ultima Bank Minnesota SBA lending
What types of businesses does Ultima Bank Minnesota typically finance?
Ultima Bank Minnesota specializes in SBA 7(a) lending to specific industries including beef cattle ranching and farming, all other grain farming, dairy cattle and milk production, dual-purpose cattle ranching and farming. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Ultima Bank Minnesota's typical SBA loan terms?
Ultima Bank Minnesota's SBA 7(a) loans typically feature an average interest rate of 6.03% and average term length of 114 months (approximately 10 years). Loan sizes range from $8K to $4.0M, with an average loan size of $264K.
Do I need a business valuation for a Ultima Bank Minnesota SBA loan?
Yes, Ultima Bank Minnesota typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Ultima Bank Minnesota compare to other SBA lenders?
Ultima Bank Minnesota has originated 1,320 SBA loans totaling $348.4M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Ultima Bank Minnesota lend in?
Ultima Bank Minnesota provides SBA 7(a) financing with particularly strong presence in MN, ND, OK. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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Professional valuations are often required for SBA loans over $250,000.
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