SBA 7(a) lenders in Lyon, MN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
21 institutions have SBA 7(a) loans on record in Lyon, together $35.2M across 86 loans. Old National Bank is the largest, with 55% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Old National Bank | 35 | $19.2M | 54.5% | 5.15% |
| 2 | Minnwest Bank | 12 | $4.1M | 11.6% | 0.00% |
| 3 | First Independent Bank | 8 | $2.1M | 5.9% | 0.00% |
| 4 | U.S. Bank, National Association | 5 | $2.0M | 5.7% | 0.00% |
| 5 | United Midwest Savings Bank National Association | 2 | $1.5M | 4.3% | 46.86% |
| 6 | State Bank of Taunton | 3 | $1.5M | 4.2% | 0.00% |
| 7 | Northwest Bank | 1 | $1.1M | 3.2% | 39.93% |
| 8 | Live Oak Banking Company | 1 | $760K | 2.2% | 0.00% |
| 9 | BankUnited, National Association | 1 | $549K | 1.6% | 0.00% |
| 10 | Currie State Bank | 2 | $415K | 1.2% | 1.39% |
| 11 | American National Bank of Minnesota | 1 | $390K | 1.1% | 0.00% |
| 12 | BayFirst National Bank | 2 | $350K | 1.0% | 0.00% |
| 13 | Sunrise Banks National Association | 2 | $325K | 0.9% | 0.00% |
| 14 | First Farmers & Merchants National Bank | 1 | $265K | 0.8% | 0.00% |
| 15 | Citizens Alliance Bank | 1 | $195K | 0.6% | 0.00% |
| 16 | BankVista | 1 | $150K | 0.4% | 0.00% |
| 17 | BMO Bank National Association | 1 | $100K | 0.3% | 0.00% |
| 18 | 21st Century Bank | 1 | $75K | 0.2% | 0.00% |
| 19 | FM Bank | 1 | $67K | 0.2% | 0.00% |
| 20 | Wells Fargo Bank National Association | 3 | $50K | 0.1% | 0.00% |
| 21 | VelocitySBA, LLC | 2 | $23K | 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 | Health care & social assistance | 18 | $8.4M | 23.7% |
| 2 | Wholesale trade | 3 | $6.0M | 17.0% |
| 3 | Accommodation & food services | 16 | $4.5M | 12.8% |
| 4 | Manufacturing | 5 | $2.3M | 6.6% |
| 5 | Other services | 9 | $2.0M | 5.8% |
| 6 | Transportation & warehousing | 4 | $2.0M | 5.6% |
| 7 | Retail trade | 6 | $1.5M | 4.4% |
| 8 | Construction | 6 | $1.4M | 4.0% |
| 9 | Retail trade | 6 | $1.3M | 3.6% |
| 10 | Manufacturing | 1 | $1.1M | 3.2% |
| 11 | Professional & technical services | 5 | $1.1M | 3.1% |
| 12 | Finance & insurance | 2 | $933K | 2.7% |
| 13 | Information | 1 | $900K | 2.6% |
| 14 | Administrative & waste services | 1 | $850K | 2.4% |
| 15 | Agriculture, forestry & fishing | 1 | $734K | 2.1% |
| 16 | Arts, entertainment & recreation | 1 | $145K | 0.4% |
| 17 | Educational services | 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.