SBA 7(a) lenders in Dakota, MN

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

Lenders

160 institutions have SBA 7(a) loans on record in Dakota, together $823.1M across 2,134 loans. Old National Bank is the largest, with 13% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	224	$106.8M	13.0%	2.61%
2	Wells Fargo Bank National Association	221	$63.9M	7.8%	1.87%
3	U.S. Bank, National Association	337	$56.9M	6.9%	1.23%
4	BankVista	72	$49.3M	6.0%	1.83%
5	Choice Financial Group	80	$29.9M	3.6%	0.00%
6	Platinum Bank	30	$27.0M	3.3%	0.00%
7	Minnwest Bank	41	$26.7M	3.2%	3.41%
8	Byline Bank	21	$24.2M	2.9%	3.75%
9	Frandsen Bank and Trust	58	$22.9M	2.8%	0.00%
10	Live Oak Banking Company	14	$22.6M	2.7%	0.00%
11	Village Bank	16	$22.0M	2.7%	2.75%
12	Highland Bank	57	$15.9M	1.9%	0.06%
13	Associated Bank National Association	86	$15.3M	1.9%	1.06%
14	Sunrise Banks National Association	52	$14.8M	1.8%	3.27%
15	21st Century Bank	36	$14.1M	1.7%	0.00%
16	UMB Bank, National Association	26	$13.9M	1.7%	0.00%
17	First Resource Bank	27	$13.8M	1.7%	9.40%
18	Bell Bank	12	$11.6M	1.4%	0.00%
19	Merchants Bank, National Association	49	$11.2M	1.4%	4.38%
20	BMO Bank National Association	26	$11.0M	1.3%	0.67%
21	Drake Bank	22	$10.1M	1.2%	3.93%
22	Citizens Bank Minnesota	8	$9.4M	1.1%	0.00%
23	First Bank & Trust	9	$9.2M	1.1%	4.11%
24	The Huntington National Bank	52	$9.2M	1.1%	0.21%
25	Alerus Financial, National Association	11	$8.8M	1.1%	0.00%
26	Hiawatha National Bank	21	$8.7M	1.1%	0.00%
27	Bridgewater Bank	6	$7.5M	0.9%	0.00%
28	GBank	4	$6.8M	0.8%	0.00%
29	Falcon National Bank	7	$5.1M	0.6%	0.00%
30	Evolve Bank and Trust	2	$4.7M	0.6%	0.00%
31	BankCherokee	18	$4.5M	0.5%	1.92%
32	Alliance Bank	5	$4.3M	0.5%	0.00%
33	VisionBank	13	$4.2M	0.5%	0.69%
34	Centerstone SBA Lending, Inc.	2	$4.2M	0.5%	0.00%
35	Prime Security Bank	15	$4.1M	0.5%	0.00%
36	Scale Bank	11	$4.0M	0.5%	0.00%
37	Enterprise Bank & Trust	3	$3.9M	0.5%	0.00%
38	First National Bank	24	$3.9M	0.5%	15.46%
39	Citizens State Bank of La Crosse	5	$3.8M	0.5%	0.00%
40	CRF Small Business Loan Company, LLC	4	$3.7M	0.5%	5.96%
41	MidCountry Bank	6	$3.6M	0.4%	0.00%
42	Vermillion State Bank	9	$3.6M	0.4%	0.00%
43	Nicolet National Bank	7	$3.5M	0.4%	0.00%
44	Tradition Capital Bank	2	$3.5M	0.4%	0.00%
45	PromiseOne Bank	1	$3.5M	0.4%	0.00%
46	Celtic Bank Corporation	14	$3.4M	0.4%	0.79%
47	Stearns Bank National Association	9	$3.4M	0.4%	4.83%
48	Quaint Oak Bank	2	$3.3M	0.4%	0.00%
49	Lakeview Bank	12	$3.2M	0.4%	0.00%
50	First Bank	2	$3.0M	0.4%	0.00%
51	Newtek Small Business Finance, Inc.	6	$2.8M	0.3%	0.00%
52	Gateway Bank	9	$2.7M	0.3%	0.00%
53	Readycap Lending, LLC	9	$2.7M	0.3%	0.00%
54	Magnifi Financial CU	4	$2.7M	0.3%	0.00%
55	Woodlands National Bank	6	$2.6M	0.3%	0.00%
56	Northeast Bank	14	$2.6M	0.3%	0.00%
57	Deerwood Bank	5	$2.6M	0.3%	6.29%
58	Community Resource Bank	10	$2.4M	0.3%	28.87%
59	Northeast Bank	9	$2.3M	0.3%	0.00%
60	Thrivent Bank	2	$2.3M	0.3%	0.00%
61	BayFirst National Bank	9	$2.0M	0.2%	11.96%
62	City National Bank	2	$2.0M	0.2%	0.00%
63	Granite Bank	20	$2.0M	0.2%	0.00%
64	Hancock Whitney Bank	1	$2.0M	0.2%	0.00%
65	First Western Bank & Trust	5	$2.0M	0.2%	0.00%
66	Newtek Bank, National Association	11	$2.0M	0.2%	0.00%
67	Coulee Bank	7	$2.0M	0.2%	0.00%
68	Security Financial Bank	2	$1.9M	0.2%	0.00%
69	Citizens Independent Bank	2	$1.9M	0.2%	0.00%
70	United FCU	1	$1.8M	0.2%	0.00%
71	North American Banking Company	9	$1.7M	0.2%	49.93%
72	PNC Bank, National Association	1	$1.5M	0.2%	0.00%
73	First Bank of Central Ohio	1	$1.5M	0.2%	0.00%
74	United Prairie Bank	3	$1.5M	0.2%	0.00%
75	BankUnited, National Association	1	$1.4M	0.2%	0.00%
76	Profinium Inc	3	$1.4M	0.2%	0.00%
77	Fifth Third Bank	1	$1.4M	0.2%	0.00%
78	The State Bank of Faribault	11	$1.3M	0.2%	0.00%
79	SouthState Bank, National Association	1	$1.2M	0.1%	0.00%
80	First Community Bank	1	$1.2M	0.1%	0.00%
81	First National Bank of Pennsylvania	1	$1.1M	0.1%	0.00%
82	Five Star Bank	4	$1.1M	0.1%	0.00%
83	KeyBank National Association	3	$1.1M	0.1%	0.00%
84	Voyager Bank	2	$1.1M	0.1%	0.00%
85	MY CU	9	$1.0M	0.1%	0.00%
86	Metro City Bank	1	$1.0M	0.1%	0.00%
87	The First State Bank of Red Wing	1	$994K	0.1%	0.00%
88	New Market Bank	6	$984K	0.1%	0.00%
89	Lake Elmo Bank	2	$950K	0.1%	0.00%
90	First-Citizens Bank & Trust Company	2	$945K	0.1%	0.00%
91	CorTrust Bank National Association	4	$929K	0.1%	0.00%
92	Pioneer Bank	1	$875K	0.1%	0.00%
93	Premier Bank Minnesota	10	$873K	0.1%	0.00%
94	Unity Bank	5	$861K	0.1%	0.00%
95	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$850K	0.1%	0.00%
96	United Midwest Savings Bank National Association	5	$829K	0.1%	11.77%
97	EntreBank	2	$825K	0.1%	0.00%
98	First Bank of the Lake	1	$810K	0.1%	0.00%
99	Manufacturers Bank and Trust Company	2	$795K	0.1%	0.00%
100	Columbia Bank	1	$792K	0.1%	0.00%
101	TruStone Financial CU	7	$784K	0.1%	0.00%
102	Happen Bank	1	$757K	0.1%	0.00%
103	Crown Bank	3	$655K	0.1%	37.82%
104	Summit Community Bank	4	$634K	0.1%	0.00%
105	The First State Bank of Rosemount	2	$620K	0.1%	35.53%
106	North Star Bank	2	$618K	0.1%	68.67%
107	Bank Midwest	1	$611K	0.1%	0.00%
108	First Farmers & Merchants Bank	2	$600K	0.1%	0.00%
109	UniBank	1	$595K	0.1%	0.00%
110	The Bancorp Bank National Association	3	$579K	0.1%	0.00%
111	Mission Valley Bank	2	$561K	0.1%	0.00%
112	Premier Bank	6	$554K	0.1%	0.00%
113	National Cooperative Bank, National Association	1	$535K	0.1%	0.00%
114	Royal Credit Union	1	$500K	0.1%	0.00%
115	First National Bank Minnesota	1	$419K	0.1%	0.00%
116	The Bank of Elk River	3	$401K	0.0%	0.00%
117	Security Bank & Trust Company	2	$400K	0.0%	0.00%
118	Citizens Bank	1	$356K	0.0%	0.00%
119	Popular Bank	2	$317K	0.0%	0.00%
120	Bank of America, National Association	2	$300K	0.0%	0.00%
121	Bank Five Nine	2	$295K	0.0%	0.00%
122	Think Mutual Bank	3	$275K	0.0%	0.00%
123	Community Bank Owatonna	3	$265K	0.0%	0.00%
124	Citizens State Bank	2	$250K	0.0%	0.00%
125	Harvest Small Business Finance, LLC	1	$247K	0.0%	0.00%
126	African Development Center	1	$231K	0.0%	0.00%
127	FM Bank	1	$230K	0.0%	0.00%
128	Great Southern Bank	2	$226K	0.0%	0.00%
129	Border Bank	1	$225K	0.0%	15.50%
130	SharePoint Credit Union	1	$210K	0.0%	0.00%
131	Heritage Bank, National Association	1	$200K	0.0%	0.00%
132	Minnstar Bank National Association	1	$200K	0.0%	0.00%
133	First Citizens Bank	3	$200K	0.0%	0.00%
134	Star Bank	2	$171K	0.0%	0.00%
135	Simmons Bank	1	$170K	0.0%	0.00%
136	Lake Region Bank	1	$162K	0.0%	0.00%
137	Bravera Bank	2	$160K	0.0%	0.00%
138	Altra Federal Credit Union	1	$152K	0.0%	0.00%
139	Eagle Bank	1	$150K	0.0%	0.00%
140	Foresight Bank	1	$150K	0.0%	0.00%
141	Independence Bank	1	$150K	0.0%	0.00%
142	Beacon Bank and Trust	1	$150K	0.0%	0.00%
143	Security Bank USA	1	$142K	0.0%	0.00%
144	First Savings Bank	2	$140K	0.0%	0.00%
145	Lendistry SBLC, LLC	2	$139K	0.0%	0.00%
146	Capital Bank, National Association	1	$130K	0.0%	0.00%
147	American National Bank of Minnesota	1	$125K	0.0%	0.00%
148	Eagle Rock Bank	2	$125K	0.0%	0.00%
149	Northwest Bank	1	$120K	0.0%	0.00%
150	Metropolitan Economic Development Association	1	$113K	0.0%	0.00%
151	Union Bank and Trust Company	2	$110K	0.0%	0.00%
152	Community Bank Mankato	1	$100K	0.0%	0.00%
153	Capital One National Association	2	$100K	0.0%	92.07%
154	VelocitySBA, LLC	7	$85K	0.0%	0.00%
155	Town and Country CU	1	$82K	0.0%	0.00%
156	Bank of Hope	3	$75K	0.0%	1.31%
157	JPMorgan Chase Bank, National Association	2	$70K	0.0%	0.00%
158	Farmers and Merchants Savings Bank	1	$50K	0.0%	0.00%
159	Blaze Credit Union	1	$40K	0.0%	0.00%
160	State Bank Financial	1	$10K	0.0%	0.00%

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	264	$105.0M	12.8%
2	Manufacturing	146	$79.8M	9.7%
3	Accommodation & food services	169	$74.4M	9.0%
4	Construction	283	$70.8M	8.6%
5	Professional & technical services	222	$69.6M	8.5%
6	Arts, entertainment & recreation	110	$59.9M	7.3%
7	Other services	166	$57.5M	7.0%
8	Wholesale trade	125	$56.6M	6.9%
9	Retail trade	127	$50.5M	6.1%
10	Administrative & waste services	95	$39.4M	4.8%
11	Transportation & warehousing	100	$29.6M	3.6%
12	Retail trade	84	$26.3M	3.2%
13	Manufacturing	32	$26.0M	3.2%
14	Manufacturing	39	$18.8M	2.3%
15	Educational services	33	$15.5M	1.9%
16	Finance & insurance	43	$11.8M	1.4%
17	Real estate & leasing	31	$10.3M	1.3%
18	Transportation & warehousing	17	$7.5M	0.9%
19	Information	32	$7.4M	0.9%
20	Management of companies	3	$4.8M	0.6%
21	Mining & extraction	6	$1.5M	0.2%
22	Agriculture, forestry & fishing	6	$150K	0.0%
23	Utilities	1	$17K	0.0%

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.