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Lender record

Red River State Bank

The real lending record — every figure from funded deals. HQ: 300 2nd Ave W, Halstad, MN. 2 branches.

96

Recent deals (FY20+)

$325K

Typical deal

2 days

Approval → funding

0%

Failure rate (FY20–23)

Where Red River State Bank lends

Deals Red River State Bank funded — list all 96 as text

Deal profile

Most Red River State Bank deals land between $90K and $950K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Oilseed and Grain Combination Farming (12)
  2. 2.New Multifamily Housing Construction (except For-Sale Builde (9)
  3. 3.Soybean Farming (9)
  4. 4.Landscaping Services (8)
  5. 5.Corn Farming (7)
  6. 6.Other Heavy and Civil Engineering Construction (6)
  7. 7.Soil Preparation, Planting, and Cultivating (5)
  8. 8.Support Activities for Animal Production (4)

Most active states

  1. 1.Minnesota (66 deals)
  2. 2.North Dakota (19 deals)
  3. 3.South Dakota (8 deals)
  4. 4.Arizona (1 deals)
  5. 5.California (1 deals)
  6. 6.Wisconsin (1 deals)

Can Red River State Bank fund you? The bank behind the loans

Total assets

$120.2M

▼ 0.2% vs prior quarter

Deposits on hand

$102.4M

▼ 0.8% vs prior quarter

Loans outstanding

$97.8M

▼ 5.8% vs prior quarter

Net income (latest qtr)

$631K

  • •An active SBA program (~2.2% of the book in this year's production) — they know the process, but SBA isn't the main event. Ask who runs their SBA desk before committing your timeline. That makes Red River State Bank more SBA-focused than 89% 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 2.1% — above 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 Red River State Bank branch (2)

Red River State BankMain office300 2nd Ave WHalstad, MN 56548 · since 1934

Fertile Branch114 N Mill StFertile, MN 56540 · since 1887

Branch data: FDIC BankFind.

Recent deals

  • Silver Wings Flying Company LLC in Casa Grande, AZ — $2.1M (2026) · Support Activities for Forestry
  • Robert Henry Johnson in Clearbrook, MN — $2.5M (2025) · Corn Farming
  • Robert Henry Johnson in Clearbrook, MN — $500K (2025) · Corn Farming
  • ASLESEN LEASIN, LLC in Halstad, MN — $1.3M (2023) · Commercial Air, Rail, and Water Transportation Equipment Ren
  • APEX UNDERGROUND INC in Perham, MN — $401K (2023) · Power and Communication Line and Related Structures Construc
  • Apex Drainage, LLC in Bejou, MN — $99K (2023) · Other Heavy and Civil Engineering Construction
  • Hughs Gardens LLC in Halstad, MN — $45K (2023) · Postharvest Crop Activities (except Cotton Ginning)
  • Apex Drainage, LLC in Bejou, MN — $350K (2022) · Other Heavy and Civil Engineering Construction
  • Apex Drainage LLC in Bejou, MN — $350K (2022) · Other Heavy and Civil Engineering Construction
  • RIGHT WAY AG, LLC in Harwood, ND — $330K (2022) · Soil Preparation, Planting, and Cultivating

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

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Businesses Red River State Bank financed

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

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CapBench analysis of public lending records, FY2020–present. Not affiliated with Red River State Bank.

Agent summary

This page summarizes Red River State 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.

  • 96 SBA 7(a) loans on record
  • $325K typical deal
  • 2 business-acquisition loans
  • HQ: 300 2nd Ave W, Halstad, MN
  • 2 FDIC branch locations
  • FDIC total assets $120.2M

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/red-river-state-bank
API:
https://www.capbench.com/api/public/lenders/red-river-state-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.

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