SBA 7(a) lenders in Kanabec, MN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
23 institutions have SBA 7(a) loans on record in Kanabec, together $27.0M across 152 loans. First Citizens Bank is the largest, with 43% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First Citizens Bank | 102 | $11.6M | 43.0% | 4.63% |
| 2 | 21st Century Bank | 1 | $2.7M | 9.8% | 0.00% |
| 3 | U.S. Bank, National Association | 4 | $1.8M | 6.6% | 0.00% |
| 4 | Neighborhood National Bank | 11 | $1.8M | 6.5% | 0.00% |
| 5 | Centerstone SBA Lending, Inc. | 1 | $1.6M | 5.8% | 0.00% |
| 6 | Frandsen Bank and Trust | 4 | $1.4M | 5.3% | 0.00% |
| 7 | Falcon National Bank | 5 | $999K | 3.7% | 0.00% |
| 8 | Busey Bank | 1 | $989K | 3.7% | 0.00% |
| 9 | Live Oak Banking Company | 1 | $782K | 2.9% | 0.00% |
| 10 | Stearns Bank National Association | 4 | $690K | 2.6% | 0.00% |
| 11 | Unity Bank | 4 | $680K | 2.5% | 0.00% |
| 12 | Newtek Bank, National Association | 1 | $575K | 2.1% | 0.00% |
| 13 | Woodlands National Bank | 1 | $375K | 1.4% | 0.00% |
| 14 | Northeast Entrepreneur Fund, Inc. | 1 | $265K | 1.0% | 0.00% |
| 15 | Wells Fargo Bank National Association | 2 | $201K | 0.7% | 0.00% |
| 16 | First Bank & Trust | 1 | $170K | 0.6% | 0.00% |
| 17 | Glenwood State Bank Incorporated | 1 | $156K | 0.6% | 0.00% |
| 18 | Associated Bank National Association | 1 | $122K | 0.5% | 0.00% |
| 19 | Members Cooperative Credit Union | 2 | $90K | 0.3% | 0.00% |
| 20 | Readycap Lending, LLC | 1 | $50K | 0.2% | 0.00% |
| 21 | Northview Bank | 1 | $30K | 0.1% | 28.79% |
| 22 | Celtic Bank Corporation | 1 | $25K | 0.1% | 0.00% |
| 23 | BankVista | 1 | $25K | 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 | Manufacturing | 10 | $5.9M | 21.7% |
| 2 | Other services | 11 | $3.3M | 12.1% |
| 3 | Accommodation & food services | 21 | $3.1M | 11.3% |
| 4 | Construction | 17 | $2.6M | 9.8% |
| 5 | Transportation & warehousing | 28 | $2.0M | 7.3% |
| 6 | Retail trade | 16 | $2.0M | 7.3% |
| 7 | Retail trade | 5 | $1.9M | 6.9% |
| 8 | Agriculture, forestry & fishing | 8 | $1.5M | 5.4% |
| 9 | Mining & extraction | 6 | $1.2M | 4.3% |
| 10 | Administrative & waste services | 7 | $783K | 2.9% |
| 11 | Real estate & leasing | 1 | $782K | 2.9% |
| 12 | Health care & social assistance | 8 | $687K | 2.5% |
| 13 | Educational services | 3 | $650K | 2.4% |
| 14 | Arts, entertainment & recreation | 2 | $260K | 1.0% |
| 15 | Finance & insurance | 1 | $200K | 0.7% |
| 16 | Professional & technical services | 3 | $155K | 0.6% |
| 17 | Utilities | 2 | $110K | 0.4% |
| 18 | Wholesale trade | 1 | $60K | 0.2% |
| 19 | Manufacturing | 1 | $25K | 0.1% |
| 20 | Information | 1 | $25K | 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.