SBA 7(a) lenders in Fillmore, MN

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

Lenders

24 institutions have SBA 7(a) loans on record in Fillmore, together $18.2M across 65 loans. First Farmers & Merchants State Bank of Grand Meadow is the largest, with 21% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	First Farmers & Merchants State Bank of Grand Meadow	1	$3.9M	21.2%	0.00%
2	Merchants Bank, National Association	9	$2.6M	14.3%	0.00%
3	First National Bank	16	$2.3M	12.7%	0.00%
4	Alerus Financial, National Association	2	$1.8M	9.8%	0.00%
5	First State Bank Minnesota	3	$1.2M	6.6%	0.00%
6	First Southeast Bank	4	$889K	4.9%	8.31%
7	Fidelity Bank & Trust	1	$632K	3.5%	100.32%
8	Marine Credit Union	2	$560K	3.1%	0.00%
9	Root River State Bank	1	$553K	3.0%	65.03%
10	Citizens State Bank	1	$452K	2.5%	0.00%
11	Park Bank National Association	1	$350K	1.9%	3.58%
12	Minnwest Bank	1	$350K	1.9%	0.00%
13	U.S. Bank, National Association	5	$335K	1.8%	4.24%
14	Wells Fargo Bank National Association	2	$310K	1.7%	0.00%
15	F and M Community Bank National Association	3	$299K	1.6%	0.00%
16	Eagle Rock Bank	1	$292K	1.6%	0.00%
17	Associated Bank National Association	3	$284K	1.6%	0.00%
18	WNB Financial, National Association	1	$258K	1.4%	0.00%
19	The First National Bank of Milaca	1	$247K	1.4%	0.00%
20	Premier Bank Minnesota	1	$238K	1.3%	0.00%
21	Old National Bank	3	$216K	1.2%	11.83%
22	Unity Bank	1	$85K	0.5%	0.00%
23	Foresight Bank	1	$72K	0.4%	0.00%
24	Altra Federal Credit Union	1	$21K	0.1%	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	Agriculture, forestry & fishing	6	$4.7M	25.9%
2	Construction	13	$3.5M	19.1%
3	Retail trade	10	$2.4M	13.3%
4	Other services	11	$2.0M	11.2%
5	Accommodation & food services	6	$1.7M	9.2%
6	Arts, entertainment & recreation	1	$1.0M	5.7%
7	Manufacturing	1	$515K	2.8%
8	Professional & technical services	3	$474K	2.6%
9	Administrative & waste services	3	$422K	2.3%
10	Transportation & warehousing	2	$418K	2.3%
11	Health care & social assistance	1	$350K	1.9%
12	Real estate & leasing	4	$300K	1.7%
13	Finance & insurance	1	$238K	1.3%
14	Wholesale trade	2	$93K	0.5%
15	Manufacturing	1	$20K	0.1%

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.