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Lender record

Ultima Bank Minnesota

The real lending record — every figure from funded deals. HQ: 9 W Minnesota Ave, Winger, MN. 6 branches.

Ultima Bank Minnesota banner

166

Recent deals (FY20+)

$110K

Typical deal

4 days

Approval → funding

0%

Failure rate (FY20–23)

Where Ultima Bank Minnesota lends

Deals Ultima Bank Minnesota funded — list all 166 as text

Deal profile

Most Ultima Bank Minnesota deals land between $50K and $300K — that range covers half of everything they fund. Top industries and states:

Industries they fund most

  1. 1.Beef Cattle Ranching and Farming (34)
  2. 2.All Other Grain Farming (22)
  3. 3.Dairy Cattle and Milk Production (7)
  4. 4.Dual-Purpose Cattle Ranching and Farming (7)
  5. 5.Drinking Places (Alcoholic Beverages) (5)
  6. 6.Other Activities Related to Real Estate (4)
  7. 7.Coffee and Tea Manufacturing (4)
  8. 8.Convenience Retailers (3)

Most active states

  1. 1.Minnesota (159 deals)
  2. 2.North Dakota (6 deals)
  3. 3.Oklahoma (1 deals)

Franchises they finance most

Big Apple Bagels

1 deals

H&R Block - Franchise License Agreement

1 deals

Can Ultima Bank Minnesota fund you? The bank behind the loans

Total assets

$319.1M

▲ 0.6% vs prior quarter

Deposits on hand

$280.6M

▲ 1.1% vs prior quarter

Loans outstanding

$295.9M

▲ 2.2% vs prior quarter

Net income (latest qtr)

$1.3M

  • •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 Ultima Bank Minnesota more SBA-focused than 52% of the banks on our record.
  • •Deposits grew last quarter — more raw lending capacity than the quarter before.
  • •Return on assets of 1.63% — 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 Ultima Bank Minnesota branch (6)

Ultima Bank MinnesotaMain office9 W Minnesota AveWinger, MN 56592 · since 1904

Fosston Branch603 Hilligoss Blvd SeFosston, MN 56542 · since 1994

Plummer Branch101 Central Ave EPlummer, MN 56748 · since 2001

Bemidji Branch101 Shevlin Ave SwBemidji, MN 56601 · since 2013

East Grand Forks Branch205 Demers AveEast Grand Forks, MN 56721 · since 2019

Gary Branch112 Main StGary, MN 56545 · since 2023

Branch data: FDIC BankFind.

Recent deals

  • Winnibigoshish Historical Center Inc. in Bena, MN — $50K (2026) · Convenience Retailers
  • Eskeli Electric, LLC in Plummer, MN — $450K (2025) · Electrical Contractors and Other Wiring Installation Contrac
  • Movement Evolution of TRF LLC in Thief River Falls, MN — $347K (2025) · Dance Companies
  • Glatzmaier LLC in Bemidji, MN — $135K (2025) · Drinking Places (Alcoholic Beverages)
  • Bogart's Repair & Recovery, Inc in Hines, MN — $80K (2025) · General Automotive Repair
  • NTM Holdings LLC in Baudette, MN — $75K (2025) · Drinking Places (Alcoholic Beverages)
  • BB Sczepanski in Stephen, MN — $1.0M (2024) · All Other Grain Farming
  • GWE LLC in Baudette, MN — $995K (2024) · Lessors of Miniwarehouses and Self-Storage Units
  • King Of The Road Trailers Of Bemidji, INC in Bemidji, MN — $645K (2024) · Recreational Vehicle Dealers
  • Benjamin Keller in Fosston, MN — $544K (2024) · Beer, Wine, and Liquor Retailers

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

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Businesses Ultima Bank Minnesota financed

119 businesses on record — the 60 largest by funding. Each links to its full SBA record.

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

Agent summary

This page summarizes Ultima Bank Minnesota'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.

  • 166 SBA 7(a) loans on record
  • $110K typical deal
  • 2 business-acquisition loans
  • HQ: 9 W Minnesota Ave, Winger, MN
  • 6 FDIC branch locations
  • FDIC total assets $319.1M

Next steps

Request an introRank lendersPre-qualify a deal
Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-24.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
Canonical:
https://www.capbench.com/lenders/ultima-bank-minnesota
API:
https://www.capbench.com/api/public/lenders/ultima-bank-minnesota
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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