SBA lender record
Wadena State Bank
304 1st St Se, Wadena, MN, 56482. The complete public SBA 7(a) lending record (FY2020–25) — every business Wadena State Bank financed, every failed deal, the branches, and the FDIC profile.
$16.8M
Total SBA financing
50
Loans on record
35
Businesses financed
2.1%
Failure rate (FY20–23)
● branch locations (FDIC)
FDIC profile
- Total assets
- $204.5M
- Deposits
- $185.9M
- Loans outstanding
- $135.3M
- Net income
- $0.8M
- Return on assets
- 1.5941728888293403%
- Return on equity
- 18.37%
- Total equity
- $16.7M
- Offices
- 4
- Founded
- 01/0
- Headquarters
- 304 1st St Se, Wadena, MN, 56482
- FDIC cert
- 13430
- Website
- www.wadenastatebank.com
FDIC call-report data, quarter ending 03/2026.
4 branches
- Wadena State BankMain office304 1st St Se, Wadena, MN, 56482· since 1917
- Deer Creek Branch121 Main Avenue East, Deer Creek, MN, 56527· since 1948
- Bluffton Branch108 2nd Street, Bluffton, MN, 56518· since 1979
- Wadena State Express Bank Branch301 1st St Se, Wadena, MN, 56482· since 2003
Failed deals
1 of Wadena State Bank's loans on record were charged off — the lender gave up collecting, which usually means the business failed. Each links to its full record.
Work at Wadena State Bank?
Claim this profile free to keep your lending record accurate, route buyer leads to your team, and stand out in the rankings.
Businesses Wadena State Bank financed
35 businesses on record. Each links to its full SBA record.
- Nathan & Heidi Meech FarmSebeka, MN · 1 loan$2.5M
- Klein Insurance Agency Inc.Wadena, MN · 3 loans$2.2M
- Mason Brothers CompanyWadena, MN · 2 loans$2.0M
- DM EnterprisesWadena, MN · 3 loans$770K
- The Homestead at Ottertail RV ParkBattle Lake, MN · 2 loans$753K
- Nathan MeechSebeka, MN · 3 loans$620K
- Wadena North Pines Car Wash, LLCWadena, MN · 2 loans$608K
- Cornerstone Farm, LLCHenning, MN · 1 loan$600K
- NewStarch Solutions, LLCPlymouth, MN · 1 loan$495K
- Eric & Emma LLCWadena, MN · 2 loans$482K
- Layman ExcavatingNew York Mills, MN · 2 loans$442K
- Little Round Still, LLCWadena, MN · 2 loans$355K
- Hunke Leasing, Inc.Wadena, MN · 1 loan$350K
- Merickel Lumber Mills, Inc.Wadena, MN · 1 loan$350K
- Cornerstone Farm/Airview AgHenning, MN · 1 loan$350K
- Edin Logging, Inc.Staples, MN · 1 loan$350K
- Kern & TaberyWadena, MN · 1 loan$350K
- Wealth Protection Strategies Inc.Hawley, MN · 1 loan$350K
- Mercury Mosaics WadenaWadena, MN · 3 loans$330K
- Perkins HF, LLCEden Prairie, MN · 1 loan$300K
- MERAKI MEXICAN BAKER, LLC DANIELA NAVARRETE ESTRADAWadena, MN · 2 loans$282K
- Fab Five ForeverWadena, MN · 1 loan$257K
- Lunde Auto Sales, LLCWadena, MN · 1 loan$225K
- The BBQ Smokehouse, Inc.Wadena, MN · 1 loan$222K
- Holland Molds IncWadena, MN · 1 loan$210K
- Carr enterprises, IncOttertail, MN · 1 loan$150K
- Mercury Mosaics & Tile IncorporatedMinneapolis, MN · 1 loan$150K
- Taste of Colombia, LLCWadena, MN · 1 loan$130K
- All Seasons Wellness LLCWadena, MN · 1 loan$125K
- KEITH GOELLER dba Goeller Dairy FarmNew York Mills, MN · 1 loan$117K
- Digital Horizons, LLCBrainerd, MN · 1 loan$100K
- MJJR Properties, LLCWadena, MN · 1 loan$80K
- Drastic Measures Brewing LLCWadena, MN · 1 loan$80K
- Aldrich Tractor, Inc.Verndale, MN · 1 loan$80K
- Hagen & Hagen, LLCWadena, MN · 1 loan$46K
Most active in: MN (50).
Agent summary
This page summarizes Wadena State Bank's public SBA 7(a) lending record (FY2020–25) — every business it financed, failed deals, branches, and FDIC profile — built by CapBench SBA Intelligence. CapBench is not a lender.
- 50 SBA 7(a) loans totaling $16.8M
- 35 businesses financed
- 2.1% failure rate (FY20–23)
- FDIC total assets $204.5M
- 4 FDIC branch locations
- 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.
- 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.
Work at Wadena State Bank?
Claim this profile to keep your record accurate, route buyer leads to your team, or sponsor your placement in the rankings.
Looking for a lender like this one?
Tell us your deal size, industry, and location and we'll point you to the SBA lenders most likely to fund it — fast.
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.
CapBench listing built from public SBA 7(a) lending records and FDIC BankFind. Not affiliated with Wadena State Bank.