SBA lender · 7(a) program
The Citizens National Bank of Park Rapids
The Citizens National Bank of Park Rapids has approved 46 SBA loans worth $9.0M since FY2010. Everything below comes from the SBA’s own loan-level records.
National rank
-
<0.01% of all SBA dollars
Total approved
$9.0M
FY2010 onward
Loans
46
Median loan
$102,500
-43% vs national
Median rate
5.50%
-1.25 pts vs national
Charge-off rate
-
Cohort too small
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What The Citizens National Bank of Park Rapids’s numbers say
The Citizens National Bank of Park Rapids sits in the long tail of the SBA lending field, having approved 46 loans for a gross total of $9.0M since fiscal 2010. Its median loan of $102,500 is well below the $180,000 national median, typical of a lender leaning on SBA Express and smaller working-capital facilities.
The median initial note rate across its 7(a) approvals is 5.50%, 1.25 points below the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Roughly 26% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally - a meaningfully greater appetite for startups than the average SBA lender.
Where The Citizens National Bank of Park Rapids lends
| State | Loans | Share |
|---|---|---|
| Minnesota | 44 | |
| Nebraska | 1 | |
| North Dakota | 1 |
What it lends against
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about The Citizens National Bank of Park Rapids
- How many SBA loans has The Citizens National Bank of Park Rapids approved?
- The Citizens National Bank of Park Rapids has approved 46 SBA loans totalling $8,977,500 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it outside the top 500 among all SBA lenders by dollars approved.
- What is the typical The Citizens National Bank of Park Rapids SBA loan size?
- The median gross approval is $102,500, with the middle 80% of loans falling between $50,000 and $400,000. The national median across all SBA lenders is $180,000.
- What interest rate does The Citizens National Bank of Park Rapids charge on SBA 7(a) loans?
- The median initial note rate on The Citizens National Bank of Park Rapids's 7(a) approvals is 5.50%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
Where to go from here
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