Skip to main content
← Find a lenderClaim this listing

Lender record

ProGrowth Bank

The real lending record — every figure from funded deals. HQ: 703 3rd St, Nicollet, MN. 4 branches.

23

Recent deals (FY20+)

$150K

Typical deal

25 days

Approval → funding

0%

Failure rate (FY20–23)

Where ProGrowth Bank lends

Deals ProGrowth Bank funded — list all 23 as text

Deal profile

Most ProGrowth Bank deals land between $52K and $349K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Machine Shops (4)
  2. 2.Landscaping Services (4)
  3. 3.Fuel Dealers (3)
  4. 4.Petroleum Bulk Stations and Terminals (2)
  5. 5.All Other Specialty Trade Contractors (2)
  6. 6.Corn Farming (1)
  7. 7.Other Personal and Household Goods Repair and Maintenance (1)
  8. 8.Paint and Wallpaper Retailers (1)

Most active states

  1. 1.Minnesota (23 deals)

Can ProGrowth Bank fund you? The bank behind the loans

Total assets

$370.9M

▼ 9.9% vs prior quarter

Deposits on hand

$333.8M

▼ 0.1% vs prior quarter

Loans outstanding

$81.2M

▼ 2.2% vs prior quarter

Net income (latest qtr)

$-2.2M

  • •SBA is a sideline here — this year's production is a rounding error against the loan book. Your deal competes with everything else they'd rather fund; a specialist bank will usually move faster. That makes ProGrowth Bank more SBA-focused than 53% of the banks on our record.
  • •Deposits shrank last quarter — worth asking early how much new-loan appetite they have right now.
  • •Return on assets of -2.24% — well under the ~1% mark generally considered strong for a bank. How any of this translates to your rate is a question for the loan officer — pricing is set deal by deal.

FDIC call-report data, quarter ending 03/2026.

Walk into a ProGrowth Bank branch (4)

Progrowth BankMain office703 3rd StNicollet, MN 56074 · since 1903

Progrowth Bank Branch320 Main AveGaylord, MN 55334 · since 1904

Progrowth Bank Branch120 N Augusta CtMankato, MN 56001 · since 1999

Progrowth Bank Branch45 Teton LnMankato, MN 56001 · since 2007 · limited service

Branch data: FDIC BankFind.

Recent deals

  • Ontime Petroleum LLC in Gaylord, MN — $150K (2026) · Petroleum Bulk Stations and Terminals
  • Ontime Petroleum LLC in Gaylord, MN — $490K (2025) · Fuel Dealers
  • Randy Frauendienst in Nicollet, MN — $475K (2025) · Corn Farming
  • Northern Lakes Replacement, LLC in Mankato, MN — $46K (2025) · All Other Specialty Trade Contractors
  • Cradick Gunworks LLC in Arlington, MN — $32K (2025) · Other Personal and Household Goods Repair and Maintenance
  • Associated Machining and Design, Inc. in North Mankato, MN — $50K (2024) · Machine Shops
  • Ontime Petroleum LLC in Gaylord, MN — $772K (2023) · Fuel Dealers
  • Ontime Petroleum LLC in Gaylord, MN — $640K (2023) · Fuel Dealers
  • G. B. Stevens Addition, LLC in Mankato, MN — $230K (2023) · Paint and Wallpaper Retailers
  • The Guy LLC in Lake Crystal, MN — $100K (2023) · Landscaping Services

Hover or tap a deal for terms: program, rate, SBA guarantee, days to fund.

One of these businesses yours? Claim your listing or request removal.

Work at ProGrowth Bank?

Claim this profile free to keep your lending record accurate, route buyer leads to your team, and sponsor your placement in the rankings.

Claim this listing

Businesses ProGrowth Bank financed

13 businesses on record. Each links to its full SBA record.

Work at ProGrowth Bank?

Claim this profile to keep your record accurate, route buyer leads to your team, or sponsor your placement in the rankings.

Claim this listingRequest removal

CapBench analysis of public lending records, FY2020–present. Not affiliated with ProGrowth Bank.

Agent summary

This page summarizes ProGrowth Bank's public SBA 7(a) lending record — deal sizes, industries, geography, and FDIC profile — from CapBench SBA Intelligence. CapBench is not a lender and does not originate or approve loans.

  • 23 SBA 7(a) loans on record
  • $150K typical deal
  • 2 business-acquisition loans
  • HQ: 703 3rd St, Nicollet, MN
  • 4 FDIC branch locations
  • FDIC total assets $370.9M

Next steps

Request an introRank lendersPre-qualify a deal
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/progrowth-bank
API:
https://www.capbench.com/api/public/lenders/progrowth-bank
Methodology:
Sources & methodology
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
  • Lender matches are informational and based on public lending activity — they do not guarantee lender interest or approval.

Find the bank most likely to fund your deal

ProGrowth Bank is one of 1,000+ SBA lenders on record — and they all have different appetites. Tell us your deal size, industry, and location, and we'll point you to the banks that fund deals like yours.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

Scroll