SBA 7(a) lenders in Saint Louis, MN

Approvals in SBA fiscal years 2008–2026. Source data as of 2026-09-30.

Lenders

68 institutions have SBA 7(a) loans on record in Saint Louis, together $251.3M across 758 loans. Frandsen Bank and Trust is the largest, with 11% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Frandsen Bank and Trust	65	$28.8M	11.4%	0.00%
2	Park State Bank	60	$21.7M	8.6%	1.17%
3	Wells Fargo Bank National Association	55	$16.7M	6.6%	2.67%
4	Northeast Entrepreneur Fund, Inc.	144	$16.6M	6.6%	0.00%
5	Old National Bank	23	$12.0M	4.8%	0.23%
6	National Bank of Commerce	38	$11.3M	4.5%	7.05%
7	North Shore Bank of Commerce	33	$10.2M	4.1%	0.00%
8	Security State Bank of Hibbing	10	$10.2M	4.0%	0.00%
9	BankVista	16	$9.1M	3.6%	0.00%
10	U.S. Bank, National Association	84	$7.9M	3.2%	1.89%
11	Members Cooperative Credit Union	35	$7.8M	3.1%	0.48%
12	Alerus Financial, National Association	10	$7.2M	2.9%	1.24%
13	Stearns Bank National Association	6	$6.5M	2.6%	0.00%
14	Byline Bank	9	$6.2M	2.5%	0.00%
15	The Huntington National Bank	7	$5.3M	2.1%	0.00%
16	Associated Bank National Association	4	$4.6M	1.8%	0.00%
17	Celtic Bank Corporation	4	$4.5M	1.8%	0.00%
18	Border Bank	8	$4.5M	1.8%	0.00%
19	GBank	1	$4.1M	1.6%	0.00%
20	Woodlands National Bank	12	$3.9M	1.6%	9.32%
21	Merchants Bank of Indiana	5	$3.9M	1.5%	0.00%
22	Lincoln Savings Bank	1	$3.7M	1.5%	0.00%
23	Live Oak Banking Company	3	$3.7M	1.5%	0.00%
24	The First National Bank of Moose Lake	1	$3.6M	1.4%	0.00%
25	21st Century Bank	5	$3.4M	1.4%	0.00%
26	Northern State Bank of Virginia	3	$3.0M	1.2%	0.00%
27	Western National Bank	19	$3.0M	1.2%	0.00%
28	Happen Bank	1	$2.9M	1.1%	0.00%
29	First Bank & Trust	4	$2.4M	1.0%	0.00%
30	Choice Financial Group	8	$1.9M	0.8%	0.00%
31	Falcon National Bank	5	$1.5M	0.6%	0.00%
32	The Northland Foundation	7	$1.4M	0.6%	0.00%
33	Commonwealth Business Bank	1	$1.4M	0.5%	0.00%
34	B2 Bank National Association	13	$1.3M	0.5%	0.00%
35	MidCountry Bank	1	$1.3M	0.5%	0.00%
36	Bell Bank	6	$1.2M	0.5%	0.00%
37	BMO Bank National Association	3	$1.1M	0.4%	0.00%
38	The MINT National Bank	1	$835K	0.3%	0.00%
39	Readycap Lending, LLC	2	$768K	0.3%	0.00%
40	Centerstone SBA Lending, Inc.	1	$620K	0.2%	0.00%
41	Newtek Small Business Finance, LLC	2	$602K	0.2%	0.00%
42	Newtek Bank, National Association	2	$595K	0.2%	0.00%
43	Lendistry SBLC, LLC	3	$588K	0.2%	0.00%
44	Simmons Bank	3	$550K	0.2%	0.00%
45	Premier Bank	1	$500K	0.2%	0.00%
46	The Miners National Bank of Eveleth	1	$500K	0.2%	0.00%
47	Gulf Coast Bank and Trust Company	1	$450K	0.2%	0.00%
48	Highland Bank	3	$415K	0.2%	4.58%
49	BayFirst National Bank	3	$405K	0.2%	0.00%
50	Bank Five Nine	2	$401K	0.2%	0.00%
51	Citizens Independent Bank	1	$395K	0.2%	0.00%
52	Columbia Bank	1	$350K	0.1%	0.00%
53	Keen Bank National Association	1	$350K	0.1%	0.00%
54	Northeast Bank	2	$350K	0.1%	0.00%
55	The First National Bank of Gilbert	2	$329K	0.1%	0.00%
56	Coulee Bank	1	$317K	0.1%	0.00%
57	United Midwest Savings Bank National Association	2	$300K	0.1%	83.70%
58	PNC Bank, National Association	1	$291K	0.1%	0.00%
59	Security Bank USA	2	$290K	0.1%	0.00%
60	KodaBank	1	$241K	0.1%	0.00%
61	Metropolitan Economic Development Association	1	$225K	0.1%	0.00%
62	Northview Bank	1	$205K	0.1%	0.00%
63	Affinity Plus FCU	2	$199K	0.1%	0.00%
64	First Resource Bank	1	$150K	0.1%	0.00%
65	Deerwood Bank	1	$150K	0.1%	0.00%
66	Clear Lake Bank & Trust Company	1	$115K	0.0%	0.00%
67	First Citizens Bank	1	$60K	0.0%	0.00%
68	Superior Choice CU	1	$30K	0.0%	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	Accommodation & food services	153	$68.3M	27.2%
2	Health care & social assistance	59	$26.4M	10.5%
3	Construction	105	$21.5M	8.6%
4	Retail trade	54	$15.9M	6.3%
5	Manufacturing	23	$14.1M	5.6%
6	Other services	50	$13.3M	5.3%
7	Retail trade	46	$13.3M	5.3%
8	Real estate & leasing	26	$12.7M	5.0%
9	Professional & technical services	48	$9.5M	3.8%
10	Wholesale trade	23	$9.3M	3.7%
11	Transportation & warehousing	30	$7.4M	2.9%
12	Manufacturing	25	$5.7M	2.3%
13	Transportation & warehousing	7	$5.2M	2.1%
14	Manufacturing	13	$5.0M	2.0%
15	Arts, entertainment & recreation	20	$4.3M	1.7%
16	Administrative & waste services	25	$4.0M	1.6%
17	Mining & extraction	9	$3.8M	1.5%
18	Information	6	$2.8M	1.1%
19	Finance & insurance	10	$2.5M	1.0%
20	Agriculture, forestry & fishing	15	$2.3M	0.9%
21	Educational services	6	$1.9M	0.8%
22	Management of companies	4	$1.4M	0.6%
23	Utilities	1	$729K	0.3%

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.