Pioneer Bank: SBA Lending Activity & Industry Focus
Based on historical SBA 7(a) lending data.
Total Approvals
10
by Pioneer Bank
Total Volume
$2,884,000
approved amount
Median Loan Size
$226,000
per approval
Recent Activity
14
last 90 days through Oct 2022
Pioneer Bank is a lender serving Minnesota and New Mexico. With 10 SBA 7(a) approvals and a typical loan size of $226,000, their lending data provides a detailed picture of where and how they deploy SBA capital.
What you should know
Key insights derived from Pioneer Bank's SBA 7(a) lending history
Local lender: primarily Minnesota
Pioneer Bank focuses their SBA lending in 2 states, with 90% in Minnesota. Local lenders often prioritize community relationships and may be easier to work with if you're in their market.
Typical loan: $245,000
Pioneer Bank's median SBA loan is $245,000, with the middle 50% between $86,000 and $500,000. They handle a range of loan sizes without strong concentration in any single band.
Top industry: Electrical Contractors (20%)
Pioneer Bank's most common SBA borrowers are in Electrical Contractors, representing 20% of their portfolio. They serve 9 industries total.
Smaller SBA program
Pioneer Bank has 10 SBA 7(a) approvals. Their smaller volume may mean longer processing times, but could also mean more personalized attention for borrowers.
Steady lending pace
Pioneer Bank's SBA activity has been relatively stable, with 11 approvals in the last 6 months. Consistent volume suggests a reliable, ongoing SBA program without major disruptions.
Lending trends for Pioneer Bank
Loan size distribution
Based on 46 SBA 7(a) approvals
Summary
Median (50th percentile)
$245,000
25th percentile
$86,000
75th percentile
$500,000
Average
$494,854
Typical range
State-by-state lending activity
| # | State | Approvals |
|---|---|---|
| 1 | Minnesota | 9 |
| 2 | New Mexico | 1 |
Pioneer Bank by industry
Industry focus
Recent SBA 7(a) approvals by Pioneer Bank
| Month | Borrower | Location | Industry | Amount |
|---|---|---|---|---|
| 2024-09 | Lak*****nc. | Madison Lake, MN | Charter Bus Industry | $1,170,000 |
| 2024-09 | Ad *****LLC | Quicksburg, VA | Air-Conditioning and Warm Air Heating Equipment and Commercial and Ind | $250,000 |
| 2024-09 | Org*****LLC | EL PASO, TX | Offices of Physical, Occupational and Speech Therapists, and Audiologi | $195,100 |
| 2024-04 | Mi *****LLC | LOVINGTON, NM | — | $252,000 |
| 2023-12 | AD *****LLC | QUICKSBURG, VA | Air-Conditioning and Warm Air Heating Equipment and Commercial and Ind | $350,000 |
| 2023-11 | Get*****nc. | Minneapolis, MN | Coffee and Tea Manufacturing | $2,000,000 |
| 2023-05 | Ele*****.C. | Mankato, MN | Pottery, Ceramics, and Plumbing Fixture Manufacturing | $120,000 |
| 2023-03 | Ele*****.C. | Mankato, MN | Pottery, Ceramics, and Plumbing Fixture Manufacturing | $100,000 |
| 2023-03 | Sil*****LLC | MINNEAPOLIS, MN | Drinking Places (Alcoholic Beverages) | $525,000 |
| 2023-03 | Nor*****LLC | MANKATO, MN | Automotive Body, Paint, and Interior Repair and Maintenance | $100,000 |
| 2023-03 | Nor*****LLC | MANKATO, MN | Automotive Body, Paint, and Interior Repair and Maintenance | $5,000 |
| 2022-10 | Luc*****LLC | MINNEAPOLIS, MN | Drinking Places (Alcoholic Beverages) | $100,000 |
| 2022-10 | See*****LLC | MINNEAPOLIS, MN | Food (Health) Supplement Stores | $400,000 |
| 2022-09 | Get*****nc. | Brooklyn Center, MN | Coffee and Tea Manufacturing | $1,000,000 |
| 2022-04 | Mig*****NC. | MINNEAPOLIS, MN | All Other Specialty Trade Contractors | $375,000 |
| 2022-01 | GRE*****LLC | BRAINERD, MN | Recyclable Material Merchant Wholesalers | $1,652,000 |
| 2022-01 | GRE*****LLC | BRAINERD, MN | Recyclable Material Merchant Wholesalers | $75,000 |
| 2021-10 | Kry*****uey | Las Vegas, NV | Snack and Nonalcoholic Beverage Bars | $35,000 |
| 2021-10 | Sun*****LLC | PRINCETON, MN | Breweries | $302,000 |
| 2021-09 | Hea*****orp | Brooklyn Park, MN | Breweries | $425,000 |
| 2021-09 | T L*****nc. | SAINT PETER, MN | General Freight Trucking, Local | $100,000 |
| 2021-06 | Cod*****nan | SAINT PETER, MN | Automotive Oil Change and Lubrication Shops | $150,000 |
| 2021-05 | Sca*****LLC | LAS CRUCES, NM | All Other Professional, Scientific, and Technical Services | $45,000 |
| 2021-03 | Get*****nc. | Minneapolis, MN | Coffee and Tea Manufacturing | $500,000 |
| 2021-03 | Get*****nc. | Minneapolis, MN | Coffee and Tea Manufacturing | $600,000 |
| 2021-03 | Lup*****LLC | Big Lake, MN | Drinking Places (Alcoholic Beverages) | $376,500 |
| 2021-03 | Tat*****LLC | Minneapolis, MN | Distilleries | $689,000 |
| 2021-02 | TNT*****LLC | Mankato, MN | Mobile Food Services | $55,000 |
| 2021-02 | Har*****LLC | Minneapolis, MN | Recreational and Vacation Camps (except Campgrounds) | $37,000 |
| 2021-02 | Zup*****LLC | Mapleton, MN | All Other Amusement and Recreation Industries | $245,000 |
| 2021-01 | Chi*****LLC | Waterville, MN | Drinking Places (Alcoholic Beverages) | $110,000 |
| 2020-12 | T L*****nc. | Saint Peter, MN | General Freight Trucking, Local | $80,000 |
| 2020-12 | Lit*****ter | Mankato, MN | All Other Personal Services | $67,000 |
| 2020-11 | T L*****nc. | Saint Peter, MN | General Freight Trucking, Local | $308,000 |
| 2020-09 | Sou*****LLC | Granada, MN | Dental Laboratories | $28,000 |
| 2020-09 | Dr.***** PA | Saint James, MN | Offices of Optometrists | $86,000 |
| 2020-09 | Epi*****LLC | MINNEAPOLIS, MN | Clothing Accessories Stores | $50,000 |
| 2020-09 | Epi*****LLC | MINNEAPOLIS, MN | Clothing Accessories Stores | $100,000 |
| 2020-09 | Boe*****LLC | Marietta, MN | Hazardous Waste Collection | $4,050,000 |
| 2020-08 | Joh*****her | Alden, MN | Hog and Pig Farming | $3,328,500 |
| 2020-08 | Sav***** LC | Lake Crystal, MN | Used Car Dealers | $142,200 |
| 2020-07 | Com*****LLC | Mankato, MN | Residential Remodelers | $415,000 |
| 2020-07 | J&J*****INC | ESTHERVILLE, IA | Soil Preparation, Planting, and Cultivating | $600,000 |
| 2020-06 | Mig*****NC. | Minneapolis, MN | All Other Information Services | $1,000,000 |
| 2020-04 | Gua*****nc. | MANKATO, MN | Sporting and Recreational Goods and Supplies Merchant Wholesalers | $150,000 |
| 2019-10 | L &*****LLC | Madison Lake, MN | Plumbing, Heating, and Air-Conditioning Contractors | $20,000 |
Source: Historical SBA 7(a) lending records. Borrower names partially masked for privacy.
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