Ultima Bank Minnesota

Winger, MN7(a) lenderTop sector: Beef Cattle Ranching and Farming

Is this my lender?

Loans approved

361

FY1992–FY2026

Dollars approved

$89.5M

$35.3M since FY2021

Average loan

$248K

$292K recently

Charge-off rate

1.4%

by dollars · 1.9% by count

Approvals over time

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What they lend against

Beef Cattle Ranching and Farming34 All Other Grain Farming22 Highway, Street, and Bridge Construction11 Plumbing, Heating, and Air-Conditioning Contractors11 Dairy Cattle and Milk Production10 General Freight Trucking, Local9

Loan count by NAICS industry, whole record. Each row opens that industry’s profile, where this lender is ranked against everyone else writing it.

Where they lend

Minnesota347 · 96%North Dakota6 · 2%Texas5 · 1%Oregon1 · 0%Oklahoma1 · 0%Florida1 · 0%

Share is of this lender’s entire book, so the 6 states shown need not sum to 100%. Together they account for 100% of its lending.

At a glance

Rank by recent volume#510 of 2321

First approvalFY1992

Latest approvalFY2026

States lent into6

What they charge

Typical pricingPrime − 0.17

Median rate 8.00%Fixed 0%22 loans

Median initial rate on this lender's 7(a) loans approved FY2024 onward, against a market median of Prime + 2.75. That is cheaper than the market typically prices. It is the rate at approval, not an offer, and says nothing about fees.

Program mix

7(a) · 100% (361)504 · 0% (0)

Split by loan count.

7(a) $89.5M504 $0

Loss rate in context

This lender1.4%

Both programs, all lenders4.6%

Charged-off dollars over dollars approved. By loan count this lender is at 1.9%; the two measures diverge when a book is weighted toward small loans.

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