Loading...
Loading...
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.
Have you worked with The Bank of Elk River? Share your experience to help others.
Loading reviews...
SBA 7(a) Acquisition Loan Data As Of December 31, 2025
Last 12 Months
Last 3 Years
YoY Growth
no activity
As Of December 31, 2025
Median
$3.2M
Average
$3.1M
Sweet Spot
$3M-$4M
Industries with highest loan volume
Electrical Contractors and Other Wiring Installation Contractors
1
loans
$1.2M
avg. amount
Electrical Contractors and Other Wiring Installation Contractors
Loans
1
Avg. Amount
$1.2M
Other Services to Buildings and Dwellings
1
loans
$3.8M
avg. amount
Other Services to Buildings and Dwellings
Loans
1
Avg. Amount
$3.8M
All Other Miscellaneous Fabricated Metal Product Manufacturing
1
loans
$2.7M
avg. amount
All Other Miscellaneous Fabricated Metal Product Manufacturing
Loans
1
Avg. Amount
$2.7M
Employment Placement Agencies
1
loans
$4.6M
avg. amount
Employment Placement Agencies
Loans
1
Avg. Amount
$4.6M
10-Year Default Rate
0.0%
Percentile Ranking
0th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $1M-$2M | Prime + 2.00% |
| $3M-$4M | Prime + 0.25% |
| $4M-$5M | Prime + 1.00% |
As Of December 31, 2025 - States by loan volume (darker blue = higher volume)