SBA 7(a) lenders in Douglas, MN

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

Lenders

40 institutions have SBA 7(a) loans on record in Douglas, together $79.0M across 285 loans. Old National Bank is the largest, with 21% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	34	$16.2M	20.5%	0.00%
2	First Western Bank & Trust	35	$11.0M	13.9%	1.08%
3	Viking Bank National Association	54	$8.7M	11.0%	4.62%
4	Glenwood State Bank Incorporated	9	$6.1M	7.8%	0.00%
5	Global One Bank	1	$5.0M	6.3%	0.00%
6	Vantage Bank	38	$4.2M	5.3%	0.00%
7	The Huntington National Bank	2	$4.0M	5.0%	0.00%
8	Live Oak Banking Company	2	$2.8M	3.5%	0.00%
9	Wells Fargo Bank National Association	8	$2.1M	2.6%	10.42%
10	American Federal Bank	1	$2.0M	2.5%	0.00%
11	Bell Bank	8	$1.8M	2.3%	0.00%
12	Magnifi Financial CU	4	$1.8M	2.3%	0.00%
13	Village Bank	1	$1.7M	2.2%	0.00%
14	American National Bank of Minnesota	19	$1.4M	1.8%	0.00%
15	Stearns Bank National Association	2	$1.2M	1.5%	0.00%
16	Kensington Bank	7	$1.0M	1.3%	0.00%
17	BankVista	3	$1.0M	1.3%	0.00%
18	PNC Bank, National Association	1	$972K	1.2%	0.00%
19	U.S. Bank, National Association	15	$926K	1.2%	0.00%
20	Neighborhood National Bank	10	$880K	1.1%	0.00%
21	Woodlands National Bank	2	$850K	1.1%	0.00%
22	Midwest Bank	3	$589K	0.7%	0.00%
23	Farmers State Bank of Hoffman	2	$473K	0.6%	0.00%
24	National Bank of Commerce	1	$350K	0.4%	0.00%
25	Alerus Financial, National Association	1	$324K	0.4%	0.00%
26	Citizens State Bank	1	$282K	0.4%	0.00%
27	Pine Country Bank	1	$230K	0.3%	0.00%
28	United Community Bank	2	$193K	0.2%	0.00%
29	Falcon National Bank	4	$191K	0.2%	0.00%
30	Celtic Bank Corporation	2	$111K	0.1%	0.00%
31	Newtek Bank, National Association	1	$100K	0.1%	0.00%
32	Capital One National Association	2	$100K	0.1%	36.27%
33	Clear Lake Bank & Trust Company	1	$95K	0.1%	0.00%
34	BMO Bank National Association	1	$50K	0.1%	57.36%
35	Readycap Lending, LLC	1	$50K	0.1%	0.00%
36	Border Bank	1	$50K	0.1%	0.00%
37	Granite Bank	1	$49K	0.1%	0.00%
38	The First National Bank of Osakis	1	$43K	0.1%	0.00%
39	Mid Minnesota Federal Credit Union	2	$36K	0.0%	0.00%
40	VelocitySBA, LLC	1	$5K	0.0%	89.48%

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	Accommodation & food services	29	$13.9M	17.6%
2	Construction	42	$12.8M	16.3%
3	Manufacturing	17	$9.6M	12.2%
4	Retail trade	29	$9.6M	12.1%
5	Wholesale trade	13	$8.0M	10.1%
6	Other services	25	$3.8M	4.8%
7	Health care & social assistance	20	$3.5M	4.4%
8	Transportation & warehousing	24	$3.0M	3.8%
9	Manufacturing	4	$2.6M	3.3%
10	Agriculture, forestry & fishing	5	$2.5M	3.2%
11	Retail trade	25	$2.2M	2.7%
12	Professional & technical services	17	$1.8M	2.3%
13	Real estate & leasing	7	$1.7M	2.1%
14	Information	1	$1.3M	1.6%
15	Administrative & waste services	9	$1.1M	1.4%
16	Finance & insurance	8	$715K	0.9%
17	Manufacturing	6	$618K	0.8%
18	Educational services	1	$286K	0.4%
19	Arts, entertainment & recreation	2	$118K	0.1%
20	Mining & extraction	1	$30K	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.