SBA 7(a) lenders in Hennepin, MN

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

Lenders

228 institutions have SBA 7(a) loans on record in Hennepin, together $2.92B across 8,294 loans. Old National Bank is the largest, with 10% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	563	$294.0M	10.1%	1.82%
2	Wells Fargo Bank National Association	837	$213.3M	7.3%	3.89%
3	U.S. Bank, National Association	1,277	$194.6M	6.7%	1.63%
4	Choice Financial Group	406	$194.4M	6.7%	0.25%
5	Platinum Bank	183	$166.6M	5.7%	1.50%
6	BankVista	228	$126.7M	4.3%	1.45%
7	Sunrise Banks National Association	378	$98.9M	3.4%	2.32%
8	21st Century Bank	317	$93.9M	3.2%	1.20%
9	Highland Bank	372	$72.5M	2.5%	1.18%
10	Live Oak Banking Company	57	$68.2M	2.3%	0.00%
11	The Huntington National Bank	296	$62.8M	2.2%	0.81%
12	Associated Bank National Association	308	$59.6M	2.0%	3.81%
13	Bell Bank	111	$54.3M	1.9%	1.75%
14	Falcon National Bank	95	$51.2M	1.8%	4.01%
15	Byline Bank	42	$46.6M	1.6%	0.00%
16	Minnwest Bank	81	$40.0M	1.4%	3.97%
17	Alerus Financial, National Association	66	$38.3M	1.3%	0.00%
18	First Resource Bank	67	$37.2M	1.3%	0.35%
19	UMB Bank, National Association	127	$37.2M	1.3%	3.13%
20	Frandsen Bank and Trust	59	$35.7M	1.2%	3.37%
21	Nicolet National Bank	78	$35.5M	1.2%	0.18%
22	BMO Bank National Association	89	$35.0M	1.2%	0.85%
23	First Bank & Trust	49	$34.8M	1.2%	0.00%
24	Scale Bank	121	$32.7M	1.1%	0.00%
25	Bridgewater Bank	50	$31.2M	1.1%	0.61%
26	Northeast Bank	102	$30.6M	1.0%	0.00%
27	Village Bank	51	$30.3M	1.0%	0.43%
28	Stearns Bank National Association	69	$28.0M	1.0%	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	Newtek Small Business Finance, Inc.	24	$24.5M	0.8%	1.21%
32	Granite Bank	131	$24.3M	0.8%	2.47%
33	Coulee Bank	40	$23.2M	0.8%	0.20%
34	VisionBank	57	$18.5M	0.6%	0.51%
35	BankCherokee	61	$18.3M	0.6%	0.00%
36	CRF Small Business Loan Company, LLC	39	$18.2M	0.6%	3.65%
37	Bravera Bank	56	$16.1M	0.6%	1.46%
38	Newtek Bank, National Association	41	$15.9M	0.5%	0.00%
39	Security Bank & Trust Company	31	$14.0M	0.5%	0.00%
40	Pioneer Bank	31	$13.2M	0.5%	1.90%
41	Pathward National Association	8	$11.9M	0.4%	0.00%
42	The Bank of Elk River	27	$11.8M	0.4%	2.30%
43	First Internet Bank of Indiana	7	$11.5M	0.4%	0.00%
44	CorTrust Bank National Association	32	$10.7M	0.4%	0.00%
45	Luminate Bank	16	$10.5M	0.4%	0.00%
46	Drake Bank	36	$10.2M	0.4%	1.31%
47	BayFirst National Bank	57	$9.4M	0.3%	13.87%
48	Readycap Lending, LLC	37	$9.4M	0.3%	5.98%
49	Celtic Bank Corporation	35	$8.9M	0.3%	7.76%
50	Citizens State Bank	17	$8.9M	0.3%	0.00%
51	Merchants Bank, National Association	27	$8.9M	0.3%	6.76%
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	Bank Five Nine	3	$5.4M	0.2%	0.00%
65	Voyager Bank	16	$5.2M	0.2%	2.75%
66	South Story Bank & Trust	1	$5.0M	0.2%	0.00%
67	Customers Bank	1	$5.0M	0.2%	0.00%
68	Park State Bank	3	$4.9M	0.2%	0.00%
69	Gateway Bank	26	$4.9M	0.2%	0.79%
70	CCFBank National Association	4	$4.8M	0.2%	0.00%
71	Union Bank and Trust Company	10	$4.7M	0.2%	0.00%
72	First Interstate Bank	3	$4.5M	0.2%	0.00%
73	Farmers and Merchants Savings Bank	9	$4.5M	0.2%	0.00%
74	First Bank of the Lake	8	$4.4M	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	Five Star Bank	12	$3.6M	0.1%	0.00%
82	EntreBank	8	$3.4M	0.1%	0.00%
83	MidCountry Bank	18	$3.4M	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	Lake Region Bank	2	$1.8M	0.1%	0.00%
113	Citizens Bank	3	$1.7M	0.1%	0.00%
114	First State Bank Nebraska	3	$1.7M	0.1%	0.00%
115	Hanover Community Bank	2	$1.7M	0.1%	0.00%
116	First American Bank	1	$1.7M	0.1%	0.00%
117	Popular Bank	6	$1.6M	0.1%	54.32%
118	The Bancorp Bank National Association	5	$1.6M	0.1%	23.85%
119	Colony Bank	3	$1.6M	0.1%	0.00%
120	First-Citizens Bank & Trust Company	5	$1.6M	0.1%	0.00%
121	Vermillion State Bank	1	$1.5M	0.1%	0.00%
122	Eagle Rock Bank	6	$1.5M	0.1%	0.00%
123	Heritage Bank, National Association	2	$1.5M	0.1%	0.00%
124	Wadena State Bank	4	$1.4M	0.0%	28.62%
125	First Bank Elk River	17	$1.4M	0.0%	0.00%
126	Citizens Alliance Bank	7	$1.4M	0.0%	3.46%
127	Lincoln Savings Bank	1	$1.4M	0.0%	0.00%
128	Crown Bank	7	$1.4M	0.0%	5.62%
129	22nd State Bank, A Division of 22nd State Banking Company	1	$1.4M	0.0%	0.00%
130	RiverWood Bank	1	$1.3M	0.0%	0.00%
131	Affinity Plus FCU	13	$1.3M	0.0%	0.00%
132	Lakeview Bank	3	$1.3M	0.0%	0.00%
133	City & County CU	3	$1.3M	0.0%	0.00%
134	Columbia Bank	2	$1.3M	0.0%	21.94%
135	BNC National Bank	4	$1.3M	0.0%	0.00%
136	BankIowa	2	$1.2M	0.0%	0.00%
137	TruStone Financial CU	14	$1.2M	0.0%	4.08%
138	First National Bank Minnesota	3	$1.2M	0.0%	0.00%
139	MY CU	17	$1.1M	0.0%	0.00%
140	Neighborhood Development Center	7	$1.1M	0.0%	0.00%
141	KeyBank National Association	2	$1.1M	0.0%	0.00%
142	Deerwood Bank	7	$1.1M	0.0%	0.00%
143	SharePoint Credit Union	9	$1.1M	0.0%	0.00%
144	IncredibleBank	1	$1.0M	0.0%	0.00%
145	1st Financial Bank USA	1	$1.0M	0.0%	0.00%
146	Citizens Bank & Trust Co	5	$975K	0.0%	0.00%
147	Lake Elmo Bank	4	$968K	0.0%	0.00%
148	Independence Bank	7	$950K	0.0%	35.06%
149	Paragon Bank	1	$948K	0.0%	0.00%
150	Genesis Bank	2	$801K	0.0%	0.00%
151	PNC Bank, National Association	1	$800K	0.0%	0.00%
152	Prime Security Bank	9	$778K	0.0%	0.00%
153	First Financial Bank	1	$770K	0.0%	0.00%
154	First Business Bank	1	$765K	0.0%	85.56%
155	Aspire Bank	3	$750K	0.0%	0.00%
156	Primis Bank	1	$748K	0.0%	0.00%
157	Community Banks of Colorado, A Division of NBH Bank	1	$747K	0.0%	0.00%
158	Compeer Financial, ACA	1	$675K	0.0%	0.00%
159	Enterprise Bank	1	$675K	0.0%	0.00%
160	Border Bank	2	$655K	0.0%	0.00%
161	CenTrust Bank, A Division of SmartBiz Bank National Association	3	$645K	0.0%	0.00%
162	Capital One National Association	12	$635K	0.0%	38.74%
163	Merchants Bank of Indiana	1	$621K	0.0%	0.00%
164	America First Federal Credit Union	1	$591K	0.0%	0.00%
165	First Bank	1	$590K	0.0%	72.89%
166	First National Community Bank	1	$585K	0.0%	0.00%
167	Profinium Financial Holdings Inc	2	$500K	0.0%	0.00%
168	Citibank, N.A.	1	$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	The Fidelity Bank	1	$410K	0.0%	0.00%
173	Citizens State Bank of La Crosse	3	$404K	0.0%	0.00%
174	First Children's Finance	5	$390K	0.0%	0.00%
175	SouthState Bank, National Association	1	$375K	0.0%	0.00%
176	Wilmington Savings Fund Society FSB	1	$373K	0.0%	0.00%
177	Northern State Bank of Virginia	1	$367K	0.0%	0.00%
178	GBank	1	$365K	0.0%	0.00%
179	The First National Bank in Sioux Falls	2	$365K	0.0%	0.00%
180	Great Southern Bank	1	$360K	0.0%	0.00%
181	Pinnacle Bank	1	$352K	0.0%	0.00%
182	Seacoast National Bank	1	$350K	0.0%	0.00%
183	Security Bank Midwest	1	$350K	0.0%	39.25%
184	Thrivent Bank	2	$340K	0.0%	0.00%
185	VelocitySBA, LLC	27	$333K	0.0%	13.52%
186	Sherburne State Bank	1	$325K	0.0%	0.00%
187	Lendistry SBLC, LLC	4	$306K	0.0%	0.00%
188	Grove Bank	1	$300K	0.0%	0.00%
189	Western National Bank	1	$285K	0.0%	0.00%
190	Harvest Small Business Finance, LLC	1	$285K	0.0%	0.00%
191	East West Bank	1	$280K	0.0%	0.00%
192	FM Bank	2	$252K	0.0%	0.00%
193	First Farmers & Merchants Bank	1	$250K	0.0%	0.00%
194	Minnstar Bank National Association	1	$250K	0.0%	0.00%
195	Centennial Bank	1	$250K	0.0%	0.00%
196	Clear Lake Bank & Trust Company	2	$232K	0.0%	0.00%
197	Business Lenders, LLC	1	$223K	0.0%	0.00%
198	Pine River State Bank	3	$221K	0.0%	37.37%
199	The First National Bank of River Falls	3	$215K	0.0%	0.00%
200	Peoples Bank of Commerce	1	$207K	0.0%	0.00%
201	The Citizens National Bank of Park Rapids	1	$207K	0.0%	0.00%
202	Farmers State Bank of Hamel	1	$200K	0.0%	0.00%
203	Ideal CU	1	$200K	0.0%	0.00%
204	The State Bank of Faribault	3	$200K	0.0%	0.00%
205	Blaze Credit Union	2	$187K	0.0%	0.00%
206	Members Cooperative Credit Union	1	$184K	0.0%	0.00%
207	Union Bank and Trust Company	1	$154K	0.0%	0.00%
208	Liberty Bank, Inc.	1	$150K	0.0%	0.00%
209	Cornerstone Bank	1	$150K	0.0%	0.00%
210	Northeast Entrepreneur Fund, Inc.	1	$150K	0.0%	0.00%
211	CDC Small Business Finance Corp.	1	$150K	0.0%	0.00%
212	First Merchants Bank	1	$150K	0.0%	0.00%
213	First Western SBLC, LLC	1	$150K	0.0%	0.00%
214	Vantage Bank	1	$150K	0.0%	0.00%
215	Think Mutual Bank	1	$126K	0.0%	0.00%
216	Center National Bank	3	$123K	0.0%	0.00%
217	Harvest Bank	1	$100K	0.0%	0.00%
218	Citizens Bank Minnesota	2	$100K	0.0%	0.00%
219	North Shore Bank of Commerce	1	$100K	0.0%	0.00%
220	Star Bank	1	$93K	0.0%	0.00%
221	Stone Bank	1	$75K	0.0%	0.00%
222	Heritage Bank Inc	1	$74K	0.0%	0.00%
223	American Heritage National Bank	2	$66K	0.0%	0.00%
224	My Kind of Bank National Association	1	$65K	0.0%	0.00%
225	Summit CU	1	$63K	0.0%	0.00%
226	Home State Bank	1	$51K	0.0%	0.00%
227	Welcome State Bank	1	$42K	0.0%	0.00%
228	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	1,220	$335.0M	11.5%
2	Health care & social assistance	788	$303.9M	10.4%
3	Accommodation & food services	851	$277.8M	9.5%
4	Wholesale trade	484	$262.6M	9.0%
5	Construction	841	$252.6M	8.7%
6	Manufacturing	376	$245.6M	8.4%
7	Other services	702	$202.7M	6.9%
8	Retail trade	529	$164.2M	5.6%
9	Administrative & waste services	454	$126.3M	4.3%
10	Manufacturing	231	$106.5M	3.7%
11	Retail trade	389	$102.5M	3.5%
12	Manufacturing	225	$100.5M	3.4%
13	Arts, entertainment & recreation	278	$88.3M	3.0%
14	Finance & insurance	201	$85.4M	2.9%
15	Real estate & leasing	178	$65.7M	2.3%
16	Information	183	$57.6M	2.0%
17	Transportation & warehousing	154	$56.5M	1.9%
18	Educational services	127	$36.6M	1.3%
19	Transportation & warehousing	50	$31.5M	1.1%
20	Mining & extraction	2	$7.2M	0.2%
21	Utilities	8	$4.5M	0.2%
22	Agriculture, forestry & fishing	17	$2.6M	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.