States Served
Top Industries Financed
- Beef Cattle Ranching and Farming
- All Other Grain Farming
- Dairy Cattle and Milk Production
- Dual-Purpose Cattle Ranching and Farming
- Drinking Places (Alcoholic Beverages)
Quick Summary
Ultima Bank Minnesota is an SBA-approved lender headquartered in Winger, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 165 SBA 7(a) loans totaling $43.6M, with an average loan size of $264K. They serve businesses across 3 states.
About Ultima Bank Minnesota
Ultima Bank Minnesota is an SBA-approved lender headquartered in Winger, Minnesota. Since 2020, they have approved 165 SBA 7(a) loans totaling $43.6M, with an average loan size of $264K. 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 3 states.
Before you apply — know where you stand
Nav is the only place where you can track your FICO SBSS score — the score the SBA uses to determine loan eligibility.
Helpful SBA Borrower Guides
Frequently Asked Questions
Is Ultima Bank Minnesota an SBA Preferred Lender?
Yes, Ultima Bank Minnesota is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.
How many SBA loans has Ultima Bank Minnesota approved?
According to SBA FOIA public records, Ultima Bank Minnesota has approved 165 SBA 7(a) loans totaling $43.6M since 2020. Their average loan size is $264K.
What states does Ultima Bank Minnesota serve?
Ultima Bank Minnesota serves businesses in 3 states: Minnesota, North Dakota, Oklahoma.
How do I apply for an SBA loan with Ultima Bank Minnesota?
To apply for an SBA 7(a) loan with Ultima Bank Minnesota, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
Get in Touch with This Lender
Contact Ultima Bank Minnesota
Ready to Apply for an SBA Loan?
Check if you qualify in minutes — no impact to your credit score.
SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days