SBA 7(a) lenders in Carver, MN

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.

Lenders

86 institutions have SBA 7(a) loans on record in Carver, together $219.1M across 578 loans. Old National Bank is the largest, with 16% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	110	$34.2M	15.6%	1.30%
2	Wells Fargo Bank National Association	78	$24.2M	11.0%	1.89%
3	Live Oak Banking Company	10	$19.5M	8.9%	5.11%
4	U.S. Bank, National Association	78	$12.5M	5.7%	0.40%
5	Highland Bank	21	$10.4M	4.7%	1.67%
6	Nicolet National Bank	12	$9.9M	4.5%	2.17%
7	BankVista	28	$7.8M	3.6%	2.87%
8	KeyBank National Association	2	$5.6M	2.6%	0.00%
9	21st Century Bank	12	$5.5M	2.5%	0.00%
10	Platinum Bank	8	$4.7M	2.1%	11.99%
11	Associated Bank National Association	4	$4.7M	2.1%	0.00%
12	Bell Bank	6	$4.6M	2.1%	0.00%
13	Columbia Bank	2	$4.6M	2.1%	0.00%
14	Minnwest Bank	9	$4.2M	1.9%	1.78%
15	MidCountry Bank	9	$4.0M	1.8%	0.00%
16	United Prairie Bank	4	$3.8M	1.7%	0.00%
17	Byline Bank	3	$3.6M	1.6%	0.00%
18	Choice Financial Group	9	$3.5M	1.6%	0.00%
19	The Huntington National Bank	11	$3.4M	1.5%	0.00%
20	UMB Bank, National Association	7	$3.1M	1.4%	0.00%
21	HomeTown Bank	6	$3.0M	1.4%	0.00%
22	Frandsen Bank and Trust	8	$2.9M	1.3%	0.00%
23	Sunrise Banks National Association	8	$2.4M	1.1%	41.51%
24	Bridgewater Bank	9	$2.4M	1.1%	6.50%
25	BMO Bank National Association	6	$2.3M	1.0%	0.00%
26	Security Bank & Trust Company	7	$2.2M	1.0%	34.24%
27	Tradition Capital Bank	1	$1.9M	0.9%	0.00%
28	Magnifi Financial CU	2	$1.8M	0.8%	0.00%
29	First Citizens Bank	2	$1.7M	0.8%	0.00%
30	Americana Community Bank	5	$1.3M	0.6%	16.47%
31	Drake Bank	6	$1.3M	0.6%	0.00%
32	Crown Bank	1	$1.2M	0.6%	0.00%
33	Security Bank Midwest	1	$1.2M	0.6%	0.00%
34	Sentry Bank	2	$1.1M	0.5%	83.25%
35	Community Resource Bank	4	$1.1M	0.5%	0.00%
36	Alerus Financial, National Association	6	$947K	0.4%	4.48%
37	Minnesota Lakes Bank	4	$892K	0.4%	0.00%
38	Newtek Small Business Finance, Inc.	1	$800K	0.4%	0.00%
39	KleinBank	1	$775K	0.4%	19.82%
40	United Community Bank	1	$775K	0.4%	0.00%
41	Village Bank	1	$747K	0.3%	0.00%
42	Titan Bank, National Association	1	$746K	0.3%	0.00%
43	Scale Bank	3	$675K	0.3%	0.00%
44	VisionBank	4	$649K	0.3%	0.00%
45	CorTrust Bank National Association	1	$644K	0.3%	0.00%
46	Northeast Bank	7	$614K	0.3%	0.00%
47	Hiawatha National Bank	2	$565K	0.3%	0.00%
48	Bank of America, National Association	1	$512K	0.2%	0.00%
49	The State Bank of Faribault	1	$495K	0.2%	0.00%
50	Simmons Bank	1	$476K	0.2%	78.91%
51	Stearns Bank National Association	2	$469K	0.2%	0.00%
52	United Midwest Savings Bank National Association	3	$450K	0.2%	0.00%
53	Celtic Bank Corporation	1	$450K	0.2%	0.00%
54	Citizens Bank	1	$416K	0.2%	0.00%
55	Coulee Bank	2	$410K	0.2%	0.00%
56	First Resource Bank	1	$410K	0.2%	0.00%
57	First National Bank Minnesota	1	$380K	0.2%	0.00%
58	CRF Small Business Loan Company, LLC	1	$379K	0.2%	0.00%
59	The Bank of Elk River	2	$306K	0.1%	0.00%
60	First Bank	2	$300K	0.1%	45.53%
61	BayFirst National Bank	2	$300K	0.1%	0.00%
62	The Bancorp Bank National Association	1	$296K	0.1%	0.00%
63	Voyager Bank	1	$241K	0.1%	0.00%
64	Citizens State Bank	2	$203K	0.1%	0.00%
65	Falcon National Bank	1	$185K	0.1%	0.00%
66	Heritage Bank, National Association	1	$181K	0.1%	0.00%
67	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$156K	0.1%	0.00%
68	Wings Credit Union	2	$150K	0.1%	0.00%
69	First Western Bank & Trust	1	$141K	0.1%	0.00%
70	Citizens Alliance Bank	2	$138K	0.1%	0.00%
71	Gateway Bank	1	$130K	0.1%	0.00%
72	Readycap Lending, LLC	1	$129K	0.1%	0.00%
73	Woodlands National Bank	1	$110K	0.1%	0.00%
74	First Bank & Trust	1	$105K	0.0%	0.00%
75	Home State Bank	2	$100K	0.0%	0.00%
76	Bravera Bank	1	$81K	0.0%	0.00%
77	Premier Bank Minnesota	1	$80K	0.0%	0.00%
78	Merchants Bank, National Association	1	$80K	0.0%	0.00%
79	Unity Bank	1	$80K	0.0%	0.00%
80	First State Bank of Le Center	1	$75K	0.0%	0.00%
81	Security Bank Minnesota	2	$65K	0.0%	0.00%
82	VelocitySBA, LLC	5	$65K	0.0%	0.00%
83	Citizens Bank & Trust Co	1	$60K	0.0%	0.00%
84	First National Bank	1	$50K	0.0%	0.00%
85	Union Bank and Trust Company	1	$25K	0.0%	0.00%
86	Bank of Hope	1	$25K	0.0%	84.02%

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.

What the money went into

Rank	Industry	Loans	Approved	Share of county
1	Health care & social assistance	72	$32.8M	15.0%
2	Manufacturing	38	$30.6M	14.0%
3	Construction	62	$17.5M	8.0%
4	Retail trade	36	$17.4M	8.0%
5	Accommodation & food services	57	$17.2M	7.9%
6	Wholesale trade	34	$16.8M	7.7%
7	Professional & technical services	53	$13.3M	6.1%
8	Other services	33	$11.0M	5.0%
9	Educational services	15	$10.4M	4.7%
10	Manufacturing	12	$8.1M	3.7%
11	Administrative & waste services	33	$7.9M	3.6%
12	Finance & insurance	13	$7.5M	3.4%
13	Arts, entertainment & recreation	33	$7.3M	3.3%
14	Transportation & warehousing	20	$6.1M	2.8%
15	Manufacturing	19	$5.1M	2.3%
16	Retail trade	24	$4.3M	2.0%
17	Management of companies	4	$3.4M	1.5%
18	Real estate & leasing	8	$708K	0.3%
19	Information	5	$680K	0.3%
20	Agriculture, forestry & fishing	2	$490K	0.2%
21	Utilities	5	$360K	0.2%

Industry is the borrower’s NAICS sector as recorded by SBA at approval, grouped to the two-digit sector.

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.