SBA 7(a) lenders in MN

Approvals from SBA fiscal year 2008 onward. Source data as of 2026-06-30.

444 institutions have SBA 7(a) loans on record in MN, together $9.84B across 29,265 loans.

Shaded by rank among this state's counties, on total approvals.lessmore

Hover a county for its totals, click to open it.

Largest lenders

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	2,156	$1.05B	10.7%	1.93%
2	Wells Fargo Bank National Association	2,451	$663.3M	6.7%	3.95%
3	U.S. Bank, National Association	3,508	$556.0M	5.7%	1.45%
4	BankVista	1,010	$438.3M	4.5%	1.51%
5	Choice Financial Group	744	$349.5M	3.6%	0.28%
6	Platinum Bank	420	$317.6M	3.2%	1.13%
7	Live Oak Banking Company	190	$247.4M	2.5%	0.40%
8	21st Century Bank	699	$238.1M	2.4%	1.23%
9	Falcon National Bank	546	$211.2M	2.1%	1.10%
10	Sunrise Banks National Association	726	$204.3M	2.1%	2.20%
11	Frandsen Bank and Trust	476	$203.6M	2.1%	0.88%
12	Minnwest Bank	360	$191.6M	1.9%	3.08%
13	Stearns Bank National Association	384	$166.6M	1.7%	2.08%
14	The Huntington National Bank	700	$158.9M	1.6%	0.54%
15	Alerus Financial, National Association	213	$146.8M	1.5%	0.14%
16	Byline Bank	140	$145.7M	1.5%	1.82%
17	Highland Bank	616	$141.5M	1.4%	1.34%
18	Associated Bank National Association	722	$136.9M	1.4%	3.38%
19	Village Bank	198	$127.8M	1.3%	0.87%
20	Bell Bank	219	$111.3M	1.1%	0.89%
21	First Bank & Trust	146	$101.1M	1.0%	0.46%
22	First Resource Bank	215	$101.1M	1.0%	3.07%
23	Nicolet National Bank	210	$95.9M	1.0%	0.59%
24	Hiawatha National Bank	177	$92.7M	0.9%	1.17%
25	Woodlands National Bank	305	$91.9M	0.9%	1.52%
26	Northeast Bank	232	$82.9M	0.8%	0.09%
27	BMO Bank National Association	195	$79.5M	0.8%	1.15%
28	The Bank of Elk River	154	$78.5M	0.8%	1.17%
29	Ultima Bank Minnesota	333	$75.9M	0.8%	1.41%
30	Granite Bank	312	$75.7M	0.8%	1.62%
31	UMB Bank, National Association	195	$72.7M	0.7%	1.77%
32	Merchants Bank, National Association	252	$69.0M	0.7%	3.95%
33	Pioneer Bank	184	$62.4M	0.6%	8.51%
34	Magnifi Financial CU	207	$60.1M	0.6%	1.76%
35	MidCountry Bank	86	$59.0M	0.6%	6.78%
36	Park State Bank	143	$56.0M	0.6%	1.20%
37	BankCherokee	186	$52.9M	0.5%	0.60%
38	Drake Bank	152	$52.7M	0.5%	1.62%
39	United Prairie Bank	170	$52.6M	0.5%	0.28%
40	Scale Bank	175	$52.0M	0.5%	0.00%
41	Coulee Bank	99	$51.0M	0.5%	1.98%
42	Bravera Bank	276	$50.3M	0.5%	5.31%
43	Bridgewater Bank	78	$48.3M	0.5%	0.88%
44	Red River State Bank	142	$46.5M	0.5%	0.22%
45	Newtek Bank, National Association	105	$46.1M	0.5%	0.00%
46	Security Bank USA	318	$44.8M	0.5%	1.48%
47	Newtek Small Business Finance, Inc.	63	$41.8M	0.4%	3.39%
48	National Bank of Commerce	98	$41.2M	0.4%	12.61%
49	First Western Bank & Trust	158	$40.9M	0.4%	2.41%
50	CCFBank National Association	61	$40.5M	0.4%	1.09%
51	Sentry Bank	148	$40.2M	0.4%	16.93%
52	CRF Small Business Loan Company, LLC	83	$38.3M	0.4%	4.60%
53	Celtic Bank Corporation	119	$37.9M	0.4%	3.63%
54	Wadena State Bank	81	$34.5M	0.4%	2.03%
55	Deerwood Bank	109	$34.4M	0.3%	4.97%
56	Community Resource Bank	112	$34.3M	0.3%	2.98%
57	Security Bank & Trust Company	90	$33.9M	0.3%	5.83%
58	VisionBank	103	$33.7M	0.3%	0.47%
59	Readycap Lending, LLC	111	$33.6M	0.3%	5.41%
60	Alliance Bank	59	$32.8M	0.3%	1.12%
61	Northeast Entrepreneur Fund, Inc.	240	$28.6M	0.3%	0.00%
62	BayFirst National Bank	143	$26.9M	0.3%	7.04%
63	Border Bank	73	$26.2M	0.3%	1.04%
64	Kensington Bank	93	$25.9M	0.3%	4.02%
65	First Bank of the Lake	28	$25.9M	0.3%	0.00%
66	CorTrust Bank National Association	97	$25.7M	0.3%	3.02%
67	Citizens Bank & Trust Co	199	$25.0M	0.3%	0.38%
68	Security Financial Bank	16	$24.0M	0.2%	0.00%
69	Northeast Bank	165	$23.8M	0.2%	1.23%
70	Heritage Bank, National Association	25	$22.8M	0.2%	0.95%
71	First Citizens Bank	158	$21.9M	0.2%	2.96%
72	North American Banking Company	59	$21.4M	0.2%	6.99%
73	Community Bank Mankato	114	$21.2M	0.2%	0.00%
74	Centerstone SBA Lending, Inc.	10	$18.5M	0.2%	0.00%
75	First National Bank	86	$18.3M	0.2%	8.57%
76	HomeTown Bank	25	$18.3M	0.2%	0.00%
77	Members Cooperative Credit Union	99	$18.3M	0.2%	0.24%
78	Eagle Rock Bank	36	$18.0M	0.2%	8.08%
79	Citizens State Bank	46	$17.6M	0.2%	0.52%
80	Unity Bank	121	$17.3M	0.2%	2.12%
81	GBank	10	$17.2M	0.2%	0.00%
82	Lake Region Bank	105	$16.8M	0.2%	1.00%
83	T Bank, National Association	6	$16.5M	0.2%	6.09%
84	United Midwest Savings Bank National Association	77	$16.2M	0.2%	13.61%
85	Sherburne State Bank	42	$15.9M	0.2%	1.25%
86	Premier Bank	109	$15.8M	0.2%	9.55%
87	Lake Elmo Bank	42	$15.8M	0.2%	0.00%
88	Minnstar Bank National Association	125	$14.8M	0.2%	1.35%
89	Prime Security Bank	52	$14.7M	0.1%	0.57%
90	Luminate Bank	23	$14.7M	0.1%	0.00%
91	Tradition Capital Bank	13	$14.6M	0.1%	0.00%
92	BANKWEST	31	$13.9M	0.1%	0.80%
93	Arcadian Bank	29	$13.7M	0.1%	0.00%
94	Profinium Inc	54	$13.4M	0.1%	0.76%
95	Pathward National Association	9	$13.4M	0.1%	0.00%
96	First Internet Bank of Indiana	10	$13.1M	0.1%	2.19%
97	Bank Forward	75	$12.8M	0.1%	4.05%
98	Voyager Bank	33	$12.7M	0.1%	1.13%
99	Manufacturers Bank and Trust Company	54	$12.7M	0.1%	0.00%
100	My Kind of Bank National Association	77	$12.6M	0.1%	0.87%
101	The First National Bank of Milaca	40	$11.9M	0.1%	0.17%
102	Farmers and Merchants Savings Bank	22	$11.8M	0.1%	0.00%
103	Enterprise Bank & Trust	14	$11.8M	0.1%	0.80%
104	First National Bank of Pennsylvania	7	$11.7M	0.1%	0.00%
105	Bank Five Nine	12	$11.5M	0.1%	4.48%
106	Security State Bank of Hibbing	11	$11.4M	0.1%	0.00%
107	Viking Bank National Association	71	$11.3M	0.1%	3.57%
108	Lincoln Savings Bank	6	$11.1M	0.1%	0.00%
109	Citizens Bank Minnesota	14	$10.9M	0.1%	0.00%
110	North Shore Bank of Commerce	40	$10.9M	0.1%	0.00%
111	Freeport State Bank	61	$10.8M	0.1%	0.00%
112	Premier Bank Minnesota	91	$10.7M	0.1%	1.09%
113	Summit Community Bank	35	$10.6M	0.1%	6.10%
114	ProGrowth Bank	36	$10.4M	0.1%	0.34%
115	Home State Bank	51	$10.4M	0.1%	0.00%
116	BankUnited, National Association	11	$10.4M	0.1%	0.42%
117	Gateway Bank	49	$10.1M	0.1%	0.38%
118	Columbia Bank	11	$10.0M	0.1%	11.77%
119	St Cloud Financial Credit Union	20	$10.0M	0.1%	0.00%
120	Union Bank and Trust Company	19	$10.0M	0.1%	2.01%
121	The State Bank of Faribault	74	$9.9M	0.1%	0.00%
122	Altra Federal Credit Union	21	$9.7M	0.1%	0.68%
123	Bank Midwest	16	$9.6M	0.1%	0.00%
124	EntreBank	19	$9.4M	0.1%	0.00%
125	Fifth Third Bank	6	$9.3M	0.1%	8.13%
126	Beacon Bank and Trust	7	$9.3M	0.1%	26.59%
127	KeyBank National Association	9	$8.9M	0.1%	0.00%
128	Minnesota Lakes Bank	32	$8.9M	0.1%	4.80%
129	Happen Bank	7	$8.8M	0.1%	16.31%
130	The Citizens National Bank of Park Rapids	45	$8.5M	0.1%	0.00%
131	Glenwood State Bank Incorporated	24	$8.5M	0.1%	0.59%
132	Citizens Independent Bank	16	$8.4M	0.1%	0.00%
133	United Community Bank	64	$8.3M	0.1%	0.00%
134	Neighborhood National Bank	44	$8.2M	0.1%	0.00%
135	First National Bank Minnesota	21	$8.2M	0.1%	1.04%
136	IncredibleBank	7	$8.1M	0.1%	0.00%
137	US Metro Bank	3	$8.0M	0.1%	0.00%
138	Americana Community Bank	21	$7.9M	0.1%	3.66%
139	Simmons Bank	28	$7.9M	0.1%	7.81%
140	KodaBank	9	$7.8M	0.1%	0.00%
141	Citizens Bank	12	$7.7M	0.1%	4.69%
142	American Federal Bank	26	$7.5M	0.1%	0.00%
143	American Heritage National Bank	78	$7.5M	0.1%	0.86%
144	Security State Bank of Aitkin	71	$7.4M	0.1%	24.09%
145	RiverWood Bank	30	$7.3M	0.1%	0.00%
146	WNB Financial, National Association	16	$7.2M	0.1%	0.00%
147	Citizens State Bank of Roseau	6	$7.1M	0.1%	0.51%
148	First Bank Elk River	51	$7.1M	0.1%	5.91%
149	Lakeview Bank	24	$6.9M	0.1%	0.00%
150	22nd State Bank, A Division of 22nd State Banking Company	4	$6.9M	0.1%	0.00%
151	PNC Bank, National Association	8	$6.7M	0.1%	0.00%
152	First Merchants Bank	4	$6.6M	0.1%	0.00%
153	First Farmers & Merchants Bank	39	$6.6M	0.1%	0.00%
154	First Interstate Bank	8	$6.5M	0.1%	1.42%
155	Northern State Bank of Virginia	6	$6.5M	0.1%	0.00%
156	Foresight Bank	29	$6.4M	0.1%	0.31%
157	First Bank	6	$6.3M	0.1%	7.75%
158	Five Star Bank	23	$6.2M	0.1%	0.00%
159	Citizens State Bank of La Crosse	18	$6.0M	0.1%	5.78%
160	Midwest Bank	34	$6.0M	0.1%	2.65%
161	Genesis Bank	6	$5.9M	0.1%	8.99%
162	First Farmers & Merchants State Bank of Grand Meadow	4	$5.9M	0.1%	0.00%
163	The Bancorp Bank National Association	12	$5.8M	0.1%	6.53%
164	Bank of America, National Association	11	$5.8M	0.1%	0.00%
165	Capital Bank, National Association	7	$5.7M	0.1%	0.00%
166	Mid Minnesota Federal Credit Union	50	$5.7M	0.1%	10.09%
167	Lake Country Community Bank	6	$5.7M	0.1%	0.00%
168	1st Financial Bank USA	3	$5.5M	0.1%	0.00%
169	Farmers and Merchants State Bank of Pierz	42	$5.5M	0.1%	2.62%
170	Customers Bank	2	$5.4M	0.1%	0.00%
171	Millennium Bank	5	$5.3M	0.1%	0.00%
172	Community Bank Owatonna	44	$5.3M	0.1%	2.79%
173	United Valley Bank	5	$5.3M	0.1%	0.00%
174	American National Bank of Minnesota	59	$5.3M	0.1%	0.00%
175	Affinity Plus FCU	41	$5.2M	0.1%	2.81%
176	Capital Credit Union	6	$5.1M	0.1%	0.00%
177	Vermillion State Bank	10	$5.1M	0.1%	0.00%
178	Global One Bank	1	$5.0M	0.1%	0.00%
179	South Story Bank & Trust	1	$5.0M	0.1%	0.00%
180	First National Bank North	5	$5.0M	0.1%	0.00%
181	Northbrook Bank & Trust Company, National Association	3	$5.0M	0.1%	0.00%
182	City & County CU	17	$4.8M	0.0%	1.19%
183	Evolve Bank and Trust	2	$4.7M	0.0%	0.00%
184	Valley Premier Bank	4	$4.7M	0.0%	0.00%
185	Compeer Financial, ACA	4	$4.7M	0.0%	0.00%
186	Bonanza Valley State Bank	42	$4.6M	0.0%	0.00%
187	United Minnesota Bank	25	$4.6M	0.0%	0.74%
188	Metro City Bank	4	$4.6M	0.0%	0.00%
189	First Western SBLC, LLC	6	$4.6M	0.0%	0.00%
190	Farmers and Merchants State Bank of Springfield	43	$4.5M	0.0%	5.11%
191	Merchants Bank of Indiana	6	$4.5M	0.0%	0.00%
192	First Security Bank	5	$4.5M	0.0%	0.00%
193	Northwoods Bank of Minnesota	37	$4.4M	0.0%	2.82%
194	Vantage Bank	41	$4.4M	0.0%	0.00%
195	Welcome State Bank	36	$4.1M	0.0%	0.00%
196	Harvest Bank	12	$4.1M	0.0%	0.00%
197	TruStone Financial CU	30	$4.0M	0.0%	1.24%
198	North Star Bank	14	$4.0M	0.0%	12.91%
199	Paragon Bank	4	$4.0M	0.0%	0.00%
200	Quaint Oak Bank	3	$3.7M	0.0%	0.00%

The 200 largest shown, of 444 lenders with a record here.

Loss rates cover every approval year on record together. SBA 7(a) losses peak two to four years after approval, so a lender whose lending is mostly recent will show a low rate because its loans have not aged yet, not because they are performing better.

By county

Rank	County	Lenders	Loans	Approved
1	Hennepin	228	8,294	$2.92B
2	Ramsey	139	2,716	$952.0M
3	Dakota	160	2,134	$823.1M
4	Anoka	136	1,886	$721.7M
5	Washington	109	1,317	$420.1M
6	Stearns	76	1,165	$387.2M
7	Saint Louis	68	755	$246.7M
8	Scott	96	779	$229.4M
9	Wright	95	723	$228.2M
10	Carver	86	578	$219.1M
11	Sherburne	84	565	$188.1M
12	Crow Wing	56	407	$159.2M
13	Olmsted	61	394	$155.2M
14	Benton	33	346	$104.5M
15	Rice	43	238	$99.7M
16	Blue Earth	35	426	$95.1M
17	Kandiyohi	35	289	$93.3M
18	Otter Tail	47	276	$80.5M
19	Douglas	40	285	$79.0M
20	Polk	23	265	$77.1M
21	Beltrami	27	401	$72.1M
22	Clay	42	221	$65.0M
23	Mcleod	38	291	$61.3M
24	Chisago	52	247	$59.2M
25	Mille Lacs	40	175	$58.6M
26	Winona	25	143	$58.1M
27	Isanti	39	166	$55.8M
28	Itasca	34	206	$53.7M
29	Goodhue	31	153	$51.4M
30	Nicollet	30	131	$43.7M
31	Steele	29	192	$42.0M
32	Pine	27	153	$41.8M
33	Carlton	20	145	$41.5M
34	Wadena	18	94	$38.6M
35	Lyon	21	86	$35.2M
36	Freeborn	26	87	$34.2M
37	Todd	24	67	$32.7M
38	Cass	37	145	$32.5M
39	Le Sueur	31	94	$31.4M
40	Cottonwood	13	38	$28.9M
41	Dodge	24	70	$27.9M
42	Becker	35	122	$27.3M
43	Kanabec	23	152	$27.0M
44	Morrison	32	120	$26.8M
45	Aitkin	24	101	$26.7M
46	Norman	10	108	$25.1M
47	Meeker	27	86	$24.3M
48	Brown	19	93	$22.8M
49	Hubbard	23	124	$20.3M
50	Pennington	13	46	$19.4M
51	Houston	19	55	$19.2M
52	Fillmore	24	65	$18.2M
53	Lake	15	62	$18.0M
54	Mower	22	68	$17.3M
55	Clearwater	11	56	$16.2M
56	Roseau	10	23	$15.1M
57	Koochiching	15	59	$14.7M
58	Faribault	12	46	$14.6M
59	Waseca	18	65	$14.6M
60	Wabasha	17	37	$13.0M
61	Stevens	10	22	$13.0M
62	Martin	17	63	$12.9M
63	Marshall	8	30	$12.6M
64	Nobles	8	18	$11.9M
65	Redwood	12	35	$11.4M
66	Renville	15	26	$11.3M
67	Chippewa	9	23	$11.2M
68	Sibley	23	45	$10.9M
69	Watonwan	7	25	$10.1M
70	Yellow Medicine	9	18	$8.8M
71	Pope	19	37	$8.7M
72	Cook	11	22	$8.6M
73	Swift	15	42	$8.2M
74	Lake of The Woods	10	17	$8.1M
75	Rock	11	36	$8.1M
76	Pipestone	7	15	$8.1M
77	Kittson	11	16	$7.8M
78	Lac Qui Parle	6	14	$7.5M
79	Red Lake	7	17	$7.3M
80	Traverse	4	6	$6.9M
81	Mahnomen	2	31	$4.7M
82	Big Stone	6	11	$4.5M
83	Jackson	9	14	$4.0M
84	Murray	6	20	$3.8M
85	Grant	11	17	$2.6M
86	Lincoln	7	8	$1.8M
87	Wilkin	4	6	$929K

About this data

Built from the U.S. Small Business Administration’s 7(a) FOIA data release, a public record covering approvals from fiscal year 2008 onward and refreshed each quarter. SBA fiscal years end 30 September, so the most recent year is partial. Figures are approvals, not outstanding balances, and SBA attributes each loan to the institution that holds it today rather than the one that originated it — an acquisitive lender therefore shows books it did not write.