96
Loans Approved
$61.4M
Total Volume
$639K
Avg Loan Size
6
States Served
Top Industries Financed
- Oilseed and Grain Combination
- Soybean Farming
- New Multifamily Housing Construction (except Operative Builders)
- Landscaping Services
- Corn Farming
About Red River State Bank
Red River State Bank is an SBA-approved lender headquartered in HALSTAD, Minnesota. Since 2020, they have approved 96 SBA 7(a) loans totaling $61.4M, with an average loan size of $639K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 6 states.
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