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The Bank of Elk River is a family-owned community bank founded in 1885 that offers comprehensive banking services including personal and business accounts, mortgages, auto loans, and digital banking. Operating with over $680 million in assets across four Minnesota locations, the bank is known for its personalized service and commitment to supporting local communities.
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SBA 7(a) Acquisition Loan Data As Of June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of June 30, 2025
Median
$3.2M
Average
$3.1M
Industries with highest loan volume
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All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
