SBA 7(a) lenders in Mower, MN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
22 institutions have SBA 7(a) loans on record in Mower, together $17.3M across 68 loans. Live Oak Banking Company is the largest, with 16% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 1 | $2.8M | 16.5% | 0.00% |
| 2 | Old National Bank | 11 | $2.3M | 13.0% | 1.51% |
| 3 | CCFBank National Association | 3 | $2.1M | 12.1% | 0.00% |
| 4 | First Farmers & Merchants State Bank of Grand Meadow | 3 | $2.0M | 11.8% | 0.00% |
| 5 | United Prairie Bank | 5 | $1.6M | 9.1% | 0.00% |
| 6 | Arcadian Bank | 4 | $1.5M | 8.7% | 0.00% |
| 7 | Byline Bank | 2 | $800K | 4.6% | 0.00% |
| 8 | First National Bank | 7 | $588K | 3.4% | 0.00% |
| 9 | Minnwest Bank | 1 | $558K | 3.2% | 0.00% |
| 10 | Manufacturers Bank and Trust Company | 3 | $550K | 3.2% | 0.00% |
| 11 | United Farmers State Bank | 4 | $387K | 2.2% | 0.00% |
| 12 | Wells Fargo Bank National Association | 9 | $343K | 2.0% | 4.34% |
| 13 | Security Bank Minnesota | 2 | $340K | 2.0% | 0.00% |
| 14 | Foresight Bank | 2 | $331K | 1.9% | 0.00% |
| 15 | CenTrust Bank, A Division of SmartBiz Bank National Association | 1 | $240K | 1.4% | 0.00% |
| 16 | U.S. Bank, National Association | 4 | $211K | 1.2% | 0.00% |
| 17 | First Central State Bank | 1 | $184K | 1.1% | 0.00% |
| 18 | Highland Bank | 1 | $150K | 0.9% | 0.00% |
| 19 | Granite Bank | 1 | $105K | 0.6% | 24.03% |
| 20 | Alerus Financial, National Association | 1 | $85K | 0.5% | 0.00% |
| 21 | Associated Bank National Association | 1 | $69K | 0.4% | 75.11% |
| 22 | First Security Bank | 1 | $50K | 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 | Other services | 9 | $5.3M | 30.6% |
| 2 | Accommodation & food services | 9 | $3.7M | 21.6% |
| 3 | Agriculture, forestry & fishing | 7 | $2.3M | 13.4% |
| 4 | Arts, entertainment & recreation | 4 | $1.9M | 10.7% |
| 5 | Health care & social assistance | 3 | $1.2M | 6.8% |
| 6 | Retail trade | 4 | $499K | 2.9% |
| 7 | Retail trade | 9 | $494K | 2.9% |
| 8 | Real estate & leasing | 3 | $440K | 2.5% |
| 9 | Construction | 7 | $426K | 2.5% |
| 10 | Finance & insurance | 2 | $285K | 1.6% |
| 11 | Manufacturing | 2 | $258K | 1.5% |
| 12 | Educational services | 2 | $185K | 1.1% |
| 13 | Transportation & warehousing | 3 | $152K | 0.9% |
| 14 | Administrative & waste services | 2 | $98K | 0.6% |
| 15 | Wholesale trade | 2 | $98K | 0.6% |
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.