Glenwood State Bank: SBA loans in this registry

About this lender

Type

Bank

Headquarters

Glenwood, MN

FDIC certificate number

8853

Total assets

$545.2 million (as of June 30, 2026)

Established

1907

Offices

3

Website

www.glenwoodstate.bank

Acquisition loans (7(a))

1 loan, $4.4M total, $4.4M average

Expansion loans (504, SBA portion)

3 loans, $8.1M total, $2.7M average

Approval dates

Nov 1, 2024 to Jan 21, 2026

Typical term (median)

acquisition loans: 10 years; expansion loans: 25 years

Initial interest rate (7(a))

6.95% to 6.95%, median 6.95%

Rate type (7(a))

0% variable, 100% fixed

Top industries

• Assisted Living Facilities for the Elderly: 2 loans
• Nursing Care Facilities (Skilled Nursing Facilities): 1 loan
• Commercial and Institutional Building Construction: 1 loan

Top states

• Minnesota: 4 loans

Largest deals

• A Faribault Senior Living LLC, Faribault, MN: $4,481,000 (504 SBA portion, Jan 21, 2026)
• Innovative Builders of Alexandria, Inc., Alexandria, MN: $4,378,000 (7(a) acquisition, Nov 29, 2024)
• Waverly Senior Living LLC, Le Sueur, MN: $2,070,000 (504 SBA portion, Aug 25, 2025)
• A Janesville Senior Living LLC, Janesville, MN: $1,528,000 (504 SBA portion, Nov 1, 2024)

Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.

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