SBA 7(a) lenders in Freeborn, MN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
26 institutions have SBA 7(a) loans on record in Freeborn, together $34.2M across 87 loans. Arcadian Bank is the largest, with 14% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Arcadian Bank | 11 | $4.7M | 13.9% | 0.00% |
| 2 | Wells Fargo Bank National Association | 6 | $4.1M | 11.9% | 15.05% |
| 3 | Pioneer Bank | 1 | $3.3M | 9.7% | 0.00% |
| 4 | Peoples Bank | 1 | $3.2M | 9.5% | 0.00% |
| 5 | Live Oak Banking Company | 2 | $2.8M | 8.2% | 0.00% |
| 6 | Coulee Bank | 1 | $2.3M | 6.7% | 0.00% |
| 7 | United Prairie Bank | 7 | $1.9M | 5.4% | 0.00% |
| 8 | Platinum Bank | 3 | $1.7M | 4.9% | 0.00% |
| 9 | Security Bank Minnesota | 19 | $1.5M | 4.5% | 0.00% |
| 10 | BankVista | 2 | $1.3M | 3.7% | 0.00% |
| 11 | Genesis Bank | 1 | $936K | 2.7% | 56.86% |
| 12 | Manufacturers Bank and Trust Company | 4 | $914K | 2.7% | 0.00% |
| 13 | CCFBank National Association | 5 | $834K | 2.4% | 0.00% |
| 14 | U.S. Bank, National Association | 6 | $819K | 2.4% | 0.00% |
| 15 | Minnwest Bank | 2 | $574K | 1.7% | 0.00% |
| 16 | Prime Security Bank | 2 | $528K | 1.5% | 15.90% |
| 17 | State Bank of New Richland | 1 | $520K | 1.5% | 0.00% |
| 18 | MidCountry Bank | 1 | $463K | 1.4% | 0.00% |
| 19 | Village Bank | 1 | $384K | 1.1% | 0.00% |
| 20 | First Citizens Bank | 1 | $308K | 0.9% | 0.00% |
| 21 | Profinium Inc | 1 | $280K | 0.8% | 0.00% |
| 22 | Deerwood Bank | 2 | $275K | 0.8% | 0.00% |
| 23 | Clear Lake Bank & Trust Company | 4 | $160K | 0.5% | 0.00% |
| 24 | Northeast Bank | 1 | $150K | 0.4% | 0.00% |
| 25 | Byline Bank | 1 | $143K | 0.4% | 0.00% |
| 26 | The Huntington National Bank | 1 | $100K | 0.3% | 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 | Accommodation & food services | 9 | $7.6M | 22.2% |
| 2 | Retail trade | 18 | $4.4M | 12.8% |
| 3 | Agriculture, forestry & fishing | 3 | $4.2M | 12.3% |
| 4 | Health care & social assistance | 7 | $3.4M | 10.1% |
| 5 | Manufacturing | 3 | $2.8M | 8.2% |
| 6 | Manufacturing | 1 | $1.8M | 5.2% |
| 7 | Wholesale trade | 5 | $1.7M | 4.9% |
| 8 | Other services | 6 | $1.5M | 4.3% |
| 9 | Construction | 5 | $1.4M | 4.1% |
| 10 | Transportation & warehousing | 8 | $1.2M | 3.4% |
| 11 | Professional & technical services | 11 | $1.1M | 3.4% |
| 12 | Administrative & waste services | 5 | $914K | 2.7% |
| 13 | Management of companies | 1 | $870K | 2.5% |
| 14 | Retail trade | 2 | $767K | 2.2% |
| 15 | Arts, entertainment & recreation | 1 | $387K | 1.1% |
| 16 | Real estate & leasing | 2 | $185K | 0.5% |
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.