SBA 7(a) lenders in Dakota, MN

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-09-30.

Lenders

160 institutions have SBA 7(a) loans on record in Dakota, together $836.1M across 2,156 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	12.8%	2.61%
2	Wells Fargo Bank National Association	224	$64.9M	7.8%	1.84%
3	U.S. Bank, National Association	339	$56.9M	6.8%	1.23%
4	BankVista	73	$49.5M	5.9%	1.82%
5	Choice Financial Group	80	$29.9M	3.6%	0.00%
6	Platinum Bank	30	$27.0M	3.2%	0.00%
7	Minnwest Bank	42	$26.9M	3.2%	3.38%
8	Byline Bank	21	$24.2M	2.9%	3.75%
9	Frandsen Bank and Trust	60	$24.1M	2.9%	0.00%
10	Live Oak Banking Company	14	$22.6M	2.7%	0.00%
11	Village Bank	16	$22.0M	2.6%	2.75%
12	Highland Bank	57	$15.9M	1.9%	0.06%
13	Associated Bank National Association	87	$15.8M	1.9%	1.03%
14	Sunrise Banks National Association	52	$14.8M	1.8%	4.56%
15	21st Century Bank	37	$14.4M	1.7%	0.00%
16	UMB Bank, National Association	26	$13.9M	1.7%	0.00%
17	First Resource Bank	27	$13.8M	1.6%	9.40%
18	Bell Bank	12	$11.6M	1.4%	0.00%
19	Merchants Bank, National Association	49	$11.2M	1.3%	4.38%
20	First Bank & Trust	11	$11.1M	1.3%	3.41%
21	BMO Bank National Association	26	$11.0M	1.3%	0.67%
22	Drake Bank	23	$10.4M	1.2%	3.81%
23	Citizens Bank Minnesota	8	$9.4M	1.1%	0.00%
24	Hiawatha National Bank	22	$9.4M	1.1%	0.00%
25	The Huntington National Bank	52	$9.2M	1.1%	0.47%
26	Alerus Financial, National Association	11	$8.8M	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	Celtic Bank Corporation	15	$4.5M	0.5%	0.61%
33	Alliance Bank	5	$4.3M	0.5%	0.00%
34	VisionBank	13	$4.2M	0.5%	0.69%
35	Centerstone SBA Lending, Inc.	2	$4.2M	0.5%	0.00%
36	Prime Security Bank	15	$4.1M	0.5%	0.00%
37	Scale Bank	11	$4.0M	0.5%	0.00%
38	Enterprise Bank & Trust	3	$3.9M	0.5%	0.00%
39	First National Bank	24	$3.9M	0.5%	15.46%
40	Citizens State Bank of La Crosse	5	$3.8M	0.5%	0.00%
41	CRF Small Business Loan Company, LLC	4	$3.7M	0.4%	5.96%
42	MidCountry Bank	6	$3.6M	0.4%	0.00%
43	Vermillion State Bank	9	$3.6M	0.4%	0.00%
44	Nicolet National Bank	7	$3.5M	0.4%	0.00%
45	Tradition Capital Bank	2	$3.5M	0.4%	0.00%
46	PromiseOne Bank	1	$3.5M	0.4%	0.00%
47	Coulee Bank	8	$3.4M	0.4%	0.00%
48	Harvest Small Business Finance, LLC	2	$3.4M	0.4%	0.00%
49	Stearns Bank National Association	9	$3.4M	0.4%	4.83%
50	Quaint Oak Bank	2	$3.3M	0.4%	0.00%
51	Lakeview Bank	12	$3.2M	0.4%	0.00%
52	First Bank	2	$3.0M	0.4%	0.00%
53	Woodlands National Bank	7	$3.0M	0.4%	0.00%
54	Newtek Small Business Finance, LLC	6	$2.8M	0.3%	0.00%
55	Readycap Lending, LLC	10	$2.7M	0.3%	0.00%
56	Newtek Bank, National Association	13	$2.7M	0.3%	0.00%
57	Gateway Bank	9	$2.7M	0.3%	0.00%
58	Magnifi Financial CU	4	$2.7M	0.3%	0.00%
59	Northeast Bank	14	$2.6M	0.3%	0.00%
60	Deerwood Bank	5	$2.6M	0.3%	6.29%
61	Community Resource Bank	10	$2.4M	0.3%	28.87%
62	Northeast Bank	9	$2.3M	0.3%	0.00%
63	Thrivent Bank	2	$2.3M	0.3%	0.00%
64	BayFirst National Bank	9	$2.0M	0.2%	11.96%
65	City National Bank	2	$2.0M	0.2%	0.00%
66	Granite Bank	20	$2.0M	0.2%	0.00%
67	Hancock Whitney Bank	1	$2.0M	0.2%	0.00%
68	First Western Bank & Trust	5	$2.0M	0.2%	0.00%
69	Security Financial Bank	2	$1.9M	0.2%	0.00%
70	Citizens Independent Bank	2	$1.9M	0.2%	0.00%
71	United FCU	1	$1.8M	0.2%	0.00%
72	North American Banking Company	9	$1.7M	0.2%	49.93%
73	PNC Bank, National Association	1	$1.5M	0.2%	0.00%
74	First Bank of Central Ohio	1	$1.5M	0.2%	0.00%
75	United Prairie Bank	3	$1.5M	0.2%	0.00%
76	BankUnited, National Association	1	$1.4M	0.2%	0.00%
77	Profinium Inc	3	$1.4M	0.2%	0.00%
78	Fifth Third Bank	1	$1.4M	0.2%	0.00%
79	The State Bank of Faribault	11	$1.3M	0.2%	0.00%
80	SouthState Bank, National Association	1	$1.2M	0.1%	0.00%
81	First Community Bank	1	$1.2M	0.1%	0.00%
82	First National Bank of Pennsylvania	1	$1.1M	0.1%	0.00%
83	Five Star Bank	4	$1.1M	0.1%	0.00%
84	KeyBank National Association	3	$1.1M	0.1%	0.00%
85	Voyager Bank	2	$1.1M	0.1%	0.00%
86	MY CU	9	$1.0M	0.1%	0.00%
87	Metro City Bank	1	$1.0M	0.1%	0.00%
88	The First State Bank of Red Wing	1	$994K	0.1%	0.00%
89	New Market Bank	6	$984K	0.1%	0.00%
90	Lake Elmo Bank	2	$950K	0.1%	0.00%
91	First-Citizens Bank & Trust Company	2	$945K	0.1%	0.00%
92	CorTrust Bank National Association	4	$929K	0.1%	0.00%
93	Pioneer Bank	1	$875K	0.1%	0.00%
94	Premier Bank Minnesota	10	$873K	0.1%	0.00%
95	Unity Bank	5	$861K	0.1%	0.00%
96	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$850K	0.1%	0.00%
97	United Midwest Savings Bank National Association	5	$829K	0.1%	11.77%
98	EntreBank	2	$825K	0.1%	0.00%
99	First Bank of the Lake	1	$810K	0.1%	0.00%
100	Manufacturers Bank and Trust Company	2	$795K	0.1%	0.00%
101	Columbia Bank	1	$792K	0.1%	0.00%
102	TruStone Financial CU	7	$784K	0.1%	0.00%
103	Happen Bank	1	$757K	0.1%	0.00%
104	Crown Bank	3	$655K	0.1%	37.82%
105	Summit Community Bank	4	$634K	0.1%	0.00%
106	The First State Bank of Rosemount	2	$620K	0.1%	35.53%
107	North Star Bank	2	$618K	0.1%	68.67%
108	Bank Midwest	1	$611K	0.1%	0.00%
109	First Farmers & Merchants Bank	2	$600K	0.1%	0.00%
110	UniBank	1	$595K	0.1%	0.00%
111	The Bancorp Bank National Association	3	$579K	0.1%	0.00%
112	Mission Valley Bank	2	$561K	0.1%	0.00%
113	Premier Bank	6	$554K	0.1%	0.00%
114	National Cooperative Bank, National Association	1	$535K	0.1%	0.00%
115	Royal Credit Union	1	$500K	0.1%	0.00%
116	First National Bank Minnesota	1	$419K	0.1%	0.00%
117	The Bank of Elk River	3	$401K	0.0%	0.00%
118	Security Bank & Trust Company	2	$400K	0.0%	0.00%
119	Citizens Bank	1	$356K	0.0%	0.00%
120	Popular Bank	2	$317K	0.0%	0.00%
121	Bank of America, National Association	2	$300K	0.0%	0.00%
122	Bank Five Nine	2	$295K	0.0%	0.00%
123	Think Mutual Bank	3	$275K	0.0%	0.00%
124	Community Bank Owatonna	3	$265K	0.0%	0.00%
125	Citizens State Bank	2	$250K	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	Minnstar Bank National Association	1	$200K	0.0%	0.00%
132	First Citizens Bank	3	$200K	0.0%	0.00%
133	Heritage Bank, National Association	1	$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	Foresight Bank	1	$150K	0.0%	0.00%
140	Independence Bank	1	$150K	0.0%	0.00%
141	Beacon Bank and Trust	1	$150K	0.0%	0.00%
142	Eagle Bank	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	268	$107.5M	12.9%
2	Manufacturing	147	$80.0M	9.6%
3	Accommodation & food services	169	$74.4M	8.9%
4	Construction	285	$72.5M	8.7%
5	Professional & technical services	224	$69.9M	8.4%
6	Other services	171	$62.5M	7.5%
7	Arts, entertainment & recreation	110	$59.9M	7.2%
8	Wholesale trade	125	$56.6M	6.8%
9	Retail trade	127	$50.5M	6.0%
10	Administrative & waste services	96	$39.8M	4.8%
11	Transportation & warehousing	101	$29.6M	3.5%
12	Retail trade	90	$29.0M	3.5%
13	Manufacturing	32	$26.0M	3.1%
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	1.2%
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.