SBA 7(a) lenders in Hennepin, MN

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

Lenders

229 institutions have SBA 7(a) loans on record in Hennepin, together $2.97B across 8,379 loans. Old National Bank is the largest, with 10% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	565	$295.1M	9.9%	1.82%
2	Wells Fargo Bank National Association	837	$213.3M	7.2%	3.88%
3	U.S. Bank, National Association	1,296	$206.7M	6.9%	1.99%
4	Choice Financial Group	407	$194.8M	6.5%	0.25%
5	Platinum Bank	185	$167.7M	5.6%	1.49%
6	BankVista	230	$128.9M	4.3%	1.42%
7	Sunrise Banks National Association	380	$100.7M	3.4%	2.28%
8	21st Century Bank	323	$96.0M	3.2%	1.17%
9	Highland Bank	372	$72.5M	2.4%	1.22%
10	Live Oak Banking Company	59	$69.9M	2.3%	0.09%
11	The Huntington National Bank	298	$63.1M	2.1%	1.49%
12	Bell Bank	116	$62.1M	2.1%	1.53%
13	Associated Bank National Association	308	$59.6M	2.0%	3.81%
14	Falcon National Bank	97	$51.5M	1.7%	5.40%
15	Byline Bank	42	$46.6M	1.6%	0.00%
16	Minnwest Bank	81	$40.0M	1.3%	3.97%
17	First Resource Bank	71	$39.2M	1.3%	0.33%
18	Alerus Financial, National Association	69	$38.7M	1.3%	0.00%
19	Bridgewater Bank	55	$37.5M	1.3%	0.51%
20	UMB Bank, National Association	127	$37.2M	1.3%	3.13%
21	Scale Bank	123	$36.7M	1.2%	0.00%
22	Frandsen Bank and Trust	60	$36.4M	1.2%	3.30%
23	Nicolet National Bank	78	$35.5M	1.2%	0.18%
24	First Bank & Trust	50	$35.3M	1.2%	0.00%
25	BMO Bank National Association	89	$35.0M	1.2%	0.85%
26	Northeast Bank	103	$30.7M	1.0%	0.00%
27	Village Bank	51	$30.3M	1.0%	0.43%
28	Stearns Bank National Association	69	$28.0M	0.9%	7.26%
29	Hiawatha National Bank	41	$26.5M	0.9%	0.00%
30	Woodlands National Bank	58	$26.0M	0.9%	0.60%
31	Lender 2057189	24	$24.5M	0.8%	1.21%
32	Granite Bank	132	$24.4M	0.8%	2.47%
33	Coulee Bank	40	$23.2M	0.8%	0.20%
34	BankCherokee	62	$19.1M	0.6%	0.00%
35	VisionBank	57	$18.5M	0.6%	0.51%
36	CRF Small Business Loan Company, LLC	39	$18.2M	0.6%	3.65%
37	Newtek Bank, National Association	46	$16.6M	0.6%	0.00%
38	Bravera Bank	56	$16.1M	0.5%	1.46%
39	Pathward National Association	10	$15.2M	0.5%	0.00%
40	Security Bank & Trust Company	31	$14.0M	0.5%	0.00%
41	First Internet Bank of Indiana	9	$13.4M	0.5%	0.00%
42	The Bank of Elk River	28	$13.3M	0.4%	2.04%
43	Pioneer Bank	31	$13.2M	0.4%	1.90%
44	Drake Bank	37	$10.7M	0.4%	1.26%
45	CorTrust Bank National Association	32	$10.7M	0.4%	0.00%
46	Luminate Bank	16	$10.5M	0.4%	0.00%
47	BayFirst National Bank	57	$9.4M	0.3%	13.87%
48	Readycap Lending, LLC	37	$9.4M	0.3%	5.98%
49	Merchants Bank, National Association	28	$9.2M	0.3%	6.53%
50	Celtic Bank Corporation	35	$8.9M	0.3%	7.76%
51	Citizens State Bank	17	$8.9M	0.3%	0.00%
52	T Bank, National Association	3	$8.8M	0.3%	0.00%
53	North American Banking Company	20	$8.4M	0.3%	0.00%
54	Northeast Bank	52	$8.4M	0.3%	1.23%
55	First National Bank of Pennsylvania	3	$7.5M	0.3%	0.00%
56	United Prairie Bank	10	$7.5M	0.3%	0.00%
57	Tradition Capital Bank	6	$7.5M	0.3%	0.00%
58	HomeTown Bank	6	$7.0M	0.2%	0.00%
59	Community Resource Bank	21	$6.9M	0.2%	0.00%
60	Beacon Bank and Trust	4	$6.3M	0.2%	0.00%
61	Centerstone SBA Lending, Inc.	2	$6.0M	0.2%	0.00%
62	Citizens Independent Bank	12	$5.9M	0.2%	0.00%
63	Alliance Bank	10	$5.8M	0.2%	0.00%
64	First Bank of the Lake	9	$5.6M	0.2%	0.00%
65	Bank Five Nine	3	$5.4M	0.2%	0.00%
66	Voyager Bank	16	$5.2M	0.2%	2.75%
67	South Story Bank & Trust	1	$5.0M	0.2%	0.00%
68	Customers Bank	1	$5.0M	0.2%	0.00%
69	Park State Bank	3	$4.9M	0.2%	0.00%
70	Gateway Bank	26	$4.9M	0.2%	0.79%
71	CCFBank National Association	4	$4.8M	0.2%	0.00%
72	Union Bank and Trust Company	10	$4.7M	0.2%	0.00%
73	First Interstate Bank	3	$4.5M	0.2%	0.00%
74	Farmers and Merchants Savings Bank	9	$4.5M	0.2%	0.00%
75	Sentry Bank	13	$4.4M	0.1%	26.77%
76	Simmons Bank	14	$4.1M	0.1%	5.83%
77	Premier Bank	29	$4.1M	0.1%	0.00%
78	Unity Bank	20	$3.9M	0.1%	8.89%
79	Americana Community Bank	9	$3.7M	0.1%	1.12%
80	Altra Federal Credit Union	1	$3.7M	0.1%	0.00%
81	MidCountry Bank	19	$3.6M	0.1%	0.00%
82	EntreBank	9	$3.6M	0.1%	0.00%
83	Five Star Bank	12	$3.6M	0.1%	0.00%
84	BANKWEST	7	$3.4M	0.1%	1.47%
85	BankUnited, National Association	2	$3.2M	0.1%	0.00%
86	Fifth Third Bank	1	$3.2M	0.1%	0.00%
87	Magnifi Financial CU	16	$3.2M	0.1%	0.00%
88	Premier Bank Minnesota	24	$3.2M	0.1%	3.03%
89	ProGrowth Bank	1	$3.1M	0.1%	0.00%
90	Metro City Bank	2	$3.1M	0.1%	0.00%
91	United Midwest Savings Bank National Association	19	$3.1M	0.1%	15.82%
92	Happen Bank	2	$3.0M	0.1%	47.76%
93	Capital Bank, National Association	2	$3.0M	0.1%	0.00%
94	Bank of America, National Association	6	$2.9M	0.1%	0.00%
95	Enterprise Bank & Trust	5	$2.8M	0.1%	3.33%
96	Kensington Bank	9	$2.7M	0.1%	16.40%
97	United Community Bank	2	$2.6M	0.1%	0.00%
98	First Western Bank & Trust	19	$2.4M	0.1%	0.00%
99	First National Bank	16	$2.4M	0.1%	0.00%
100	African Development Center	12	$2.4M	0.1%	1.86%
101	CIBC Bank USA	2	$2.3M	0.1%	0.00%
102	Community Bank Mankato	4	$2.3M	0.1%	0.00%
103	Minnesota Lakes Bank	9	$2.2M	0.1%	19.33%
104	JPMorgan Chase Bank, National Association	10	$2.1M	0.1%	0.00%
105	First Citizens Bank	5	$2.1M	0.1%	0.00%
106	Metropolitan Economic Development Association	14	$2.1M	0.1%	3.07%
107	Neighborhood National Bank	2	$2.0M	0.1%	0.00%
108	Profinium Inc	8	$1.9M	0.1%	0.00%
109	First National Bank of Omaha	1	$1.8M	0.1%	0.00%
110	Summit Community Bank	9	$1.8M	0.1%	15.03%
111	Shoreham Bank	1	$1.8M	0.1%	0.00%
112	First National Community Bank	3	$1.8M	0.1%	0.00%
113	Lake Region Bank	2	$1.8M	0.1%	0.00%
114	Citizens Bank	3	$1.7M	0.1%	0.00%
115	First State Bank Nebraska	3	$1.7M	0.1%	0.00%
116	Hanover Community Bank	2	$1.7M	0.1%	0.00%
117	First American Bank	1	$1.7M	0.1%	0.00%
118	Popular Bank	6	$1.6M	0.1%	54.32%
119	The Bancorp Bank National Association	5	$1.6M	0.1%	23.85%
120	Colony Bank	3	$1.6M	0.1%	0.00%
121	First-Citizens Bank & Trust Company	5	$1.6M	0.1%	0.00%
122	Affinity Plus FCU	15	$1.5M	0.1%	0.00%
123	Vermillion State Bank	1	$1.5M	0.1%	0.00%
124	Eagle Rock Bank	6	$1.5M	0.0%	0.00%
125	Heritage Bank, National Association	2	$1.5M	0.0%	0.00%
126	Wadena State Bank	4	$1.4M	0.0%	28.62%
127	First Bank Elk River	17	$1.4M	0.0%	0.00%
128	Citizens Alliance Bank	7	$1.4M	0.0%	3.46%
129	Lincoln Savings Bank	1	$1.4M	0.0%	0.00%
130	Crown Bank	7	$1.4M	0.0%	5.62%
131	22nd State Bank, A Division of 22nd State Banking Company	1	$1.4M	0.0%	0.00%
132	RiverWood Bank	1	$1.3M	0.0%	0.00%
133	Lakeview Bank	3	$1.3M	0.0%	0.00%
134	City & County CU	3	$1.3M	0.0%	0.00%
135	Columbia Bank	2	$1.3M	0.0%	21.94%
136	BNC National Bank	4	$1.3M	0.0%	0.00%
137	BankIowa	2	$1.2M	0.0%	0.00%
138	TruStone Financial CU	14	$1.2M	0.0%	4.08%
139	First National Bank Minnesota	3	$1.2M	0.0%	0.00%
140	MY CU	17	$1.1M	0.0%	0.00%
141	Neighborhood Development Center	7	$1.1M	0.0%	0.00%
142	KeyBank National Association	2	$1.1M	0.0%	0.00%
143	Deerwood Bank	7	$1.1M	0.0%	0.00%
144	SharePoint Credit Union	9	$1.1M	0.0%	0.00%
145	IncredibleBank	1	$1.0M	0.0%	0.00%
146	1st Financial Bank USA	1	$1.0M	0.0%	0.00%
147	Citizens Bank & Trust Co	5	$975K	0.0%	0.00%
148	Lake Elmo Bank	4	$968K	0.0%	0.00%
149	Independence Bank	7	$950K	0.0%	35.06%
150	Paragon Bank	1	$948K	0.0%	0.00%
151	Genesis Bank	2	$801K	0.0%	0.00%
152	PNC Bank, National Association	1	$800K	0.0%	0.00%
153	Prime Security Bank	9	$778K	0.0%	0.00%
154	First Financial Bank	1	$770K	0.0%	0.00%
155	First Business Bank	1	$765K	0.0%	85.56%
156	Aspire Bank	3	$750K	0.0%	0.00%
157	Primis Bank	1	$748K	0.0%	0.00%
158	Community Banks of Colorado, A Division of NBH Bank	1	$747K	0.0%	0.00%
159	Compeer Financial, ACA	1	$675K	0.0%	0.00%
160	Enterprise Bank	1	$675K	0.0%	0.00%
161	Border Bank	2	$655K	0.0%	0.00%
162	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$645K	0.0%	0.00%
163	Capital One National Association	12	$635K	0.0%	38.74%
164	Merchants Bank of Indiana	1	$621K	0.0%	0.00%
165	America First Federal Credit Union	1	$591K	0.0%	0.00%
166	First Bank	1	$590K	0.0%	72.89%
167	Citibank, N.A.	1	$500K	0.0%	0.00%
168	Profinium Financial Holdings Inc	2	$500K	0.0%	0.00%
169	Republic Bank & Trust Company	2	$500K	0.0%	0.00%
170	Quaint Oak Bank	1	$486K	0.0%	0.00%
171	North State Bank	2	$465K	0.0%	25.66%
172	St Cloud Financial Credit Union	2	$435K	0.0%	0.00%
173	The Fidelity Bank	1	$410K	0.0%	0.00%
174	Citizens State Bank of La Crosse	3	$404K	0.0%	0.00%
175	First Children's Finance	5	$390K	0.0%	0.00%
176	SouthState Bank, National Association	1	$375K	0.0%	0.00%
177	Wilmington Savings Fund Society FSB	1	$373K	0.0%	0.00%
178	Northern State Bank of Virginia	1	$367K	0.0%	0.00%
179	The First National Bank in Sioux Falls	2	$365K	0.0%	0.00%
180	GBank	1	$365K	0.0%	0.00%
181	Great Southern Bank	1	$360K	0.0%	0.00%
182	Pinnacle Bank	1	$352K	0.0%	0.00%
183	Seacoast National Bank	1	$350K	0.0%	0.00%
184	Security Bank Midwest	1	$350K	0.0%	39.25%
185	Thrivent Bank	2	$340K	0.0%	0.00%
186	VelocitySBA, LLC	27	$333K	0.0%	13.52%
187	Sherburne State Bank	1	$325K	0.0%	0.00%
188	Lendistry SBLC, LLC	4	$306K	0.0%	0.00%
189	Grove Bank	1	$300K	0.0%	0.00%
190	Western National Bank	1	$285K	0.0%	0.00%
191	Harvest Small Business Finance, LLC	1	$285K	0.0%	0.00%
192	East West Bank	1	$280K	0.0%	0.00%
193	FM Bank	2	$252K	0.0%	0.00%
194	Minnstar Bank National Association	1	$250K	0.0%	0.00%
195	First Farmers & Merchants Bank	1	$250K	0.0%	0.00%
196	Centennial Bank	1	$250K	0.0%	0.00%
197	Clear Lake Bank & Trust Company	2	$232K	0.0%	0.00%
198	Business Lenders, LLC	1	$223K	0.0%	0.00%
199	Pine River State Bank	3	$221K	0.0%	37.37%
200	The First National Bank of River Falls	3	$215K	0.0%	0.00%
201	Peoples Bank of Commerce	1	$207K	0.0%	0.00%
202	The Citizens National Bank of Park Rapids	1	$207K	0.0%	0.00%
203	Farmers State Bank of Hamel	1	$200K	0.0%	0.00%
204	The State Bank of Faribault	3	$200K	0.0%	0.00%
205	Ideal CU	1	$200K	0.0%	0.00%
206	Blaze Credit Union	2	$187K	0.0%	0.00%
207	Members Cooperative Credit Union	1	$184K	0.0%	0.00%
208	Union Bank and Trust Company	1	$154K	0.0%	0.00%
209	Lender 2582371	1	$150K	0.0%	0.00%
210	First Merchants Bank	1	$150K	0.0%	0.00%
211	CDC Small Business Finance Corp.	1	$150K	0.0%	0.00%
212	Cornerstone Bank	1	$150K	0.0%	0.00%
213	Liberty Bank, Inc.	1	$150K	0.0%	0.00%
214	Vantage Bank	1	$150K	0.0%	0.00%
215	Northeast Entrepreneur Fund, Inc.	1	$150K	0.0%	0.00%
216	Think Mutual Bank	1	$126K	0.0%	0.00%
217	Center National Bank	3	$123K	0.0%	0.00%
218	Harvest Bank	1	$100K	0.0%	0.00%
219	North Shore Bank of Commerce	1	$100K	0.0%	0.00%
220	Citizens Bank Minnesota	2	$100K	0.0%	0.00%
221	Star Bank	1	$93K	0.0%	0.00%
222	Stone Bank	1	$75K	0.0%	0.00%
223	Heritage Bank Inc	1	$74K	0.0%	0.00%
224	American Heritage National Bank	2	$66K	0.0%	0.00%
225	My Kind of Bank National Association	1	$65K	0.0%	0.00%
226	Summit CU	1	$63K	0.0%	0.00%
227	Home State Bank	1	$51K	0.0%	0.00%
228	Welcome State Bank	1	$42K	0.0%	0.00%
229	Bank of Hope	1	$25K	0.0%	75.84%

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	Professional & technical services	1,235	$344.2M	11.6%
2	Health care & social assistance	793	$309.6M	10.4%
3	Accommodation & food services	857	$281.7M	9.5%
4	Wholesale trade	488	$271.1M	9.1%
5	Construction	853	$257.1M	8.6%
6	Manufacturing	376	$245.6M	8.3%
7	Other services	710	$209.2M	7.0%
8	Retail trade	531	$166.1M	5.6%
9	Administrative & waste services	458	$128.9M	4.3%
10	Manufacturing	236	$109.2M	3.7%
11	Manufacturing	227	$103.8M	3.5%
12	Retail trade	396	$103.7M	3.5%
13	Arts, entertainment & recreation	283	$89.6M	3.0%
14	Finance & insurance	204	$86.7M	2.9%
15	Real estate & leasing	179	$65.8M	2.2%
16	Information	183	$57.6M	1.9%
17	Transportation & warehousing	154	$56.5M	1.9%
18	Educational services	131	$39.1M	1.3%
19	Transportation & warehousing	51	$33.0M	1.1%
20	Mining & extraction	2	$7.2M	0.2%
21	Utilities	8	$4.5M	0.2%
22	Agriculture, forestry & fishing	18	$3.1M	0.1%
23	Management of companies	4	$1.4M	0.0%
24	Public administration	2	$345K	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.