SBA 7(a) lenders in Stearns, MN

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

Lenders

76 institutions have SBA 7(a) loans on record in Stearns, together $387.2M across 1,165 loans. Falcon National Bank is the largest, with 16% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Falcon National Bank	187	$63.7M	16.5%	0.28%
2	Stearns Bank National Association	117	$53.5M	13.8%	0.95%
3	BankVista	165	$38.7M	10.0%	1.66%
4	Old National Bank	81	$37.0M	9.5%	0.90%
5	Magnifi Financial CU	93	$25.8M	6.7%	0.88%
6	Minnwest Bank	41	$24.9M	6.4%	4.95%
7	Sentry Bank	77	$16.9M	4.4%	17.02%
8	Granite Bank	36	$11.6M	3.0%	0.92%
9	Freeport State Bank	54	$9.3M	2.4%	0.00%
10	St Cloud Financial Credit Union	13	$7.7M	2.0%	0.00%
11	Alerus Financial, National Association	5	$7.2M	1.9%	0.00%
12	U.S. Bank, National Association	35	$7.1M	1.8%	0.13%
13	Kensington Bank	19	$6.0M	1.6%	0.96%
14	Heritage Bank, National Association	2	$5.1M	1.3%	0.00%
15	MidCountry Bank	2	$5.0M	1.3%	0.00%
16	American Heritage National Bank	50	$4.6M	1.2%	1.41%
17	Byline Bank	1	$3.9M	1.0%	0.00%
18	Wells Fargo Bank National Association	33	$3.7M	1.0%	7.17%
19	Live Oak Banking Company	2	$3.7M	0.9%	0.00%
20	CCFBank National Association	4	$3.5M	0.9%	12.70%
21	Deerwood Bank	11	$3.4M	0.9%	0.00%
22	Bonanza Valley State Bank	26	$3.3M	0.9%	0.00%
23	First Bank of the Lake	2	$3.2M	0.8%	0.00%
24	Minnesota National Bank	3	$2.9M	0.7%	0.00%
25	The Huntington National Bank	9	$2.8M	0.7%	0.00%
26	Sherburne State Bank	1	$2.5M	0.6%	0.00%
27	Frandsen Bank and Trust	10	$2.4M	0.6%	0.00%
28	Community Bank Mankato	1	$2.3M	0.6%	0.00%
29	The Bank of Elk River	3	$1.6M	0.4%	0.00%
30	Choice Financial Group	4	$1.6M	0.4%	0.00%
31	Farmers and Merchants Savings Bank	2	$1.5M	0.4%	0.00%
32	National Bank of Commerce	2	$1.3M	0.3%	0.00%
33	Associated Bank National Association	2	$1.2M	0.3%	0.00%
34	Neighborhood National Bank	2	$1.2M	0.3%	0.00%
35	BayFirst National Bank	5	$1.1M	0.3%	0.00%
36	First Bank & Trust	2	$1.0M	0.3%	0.00%
37	GBank	1	$1.0M	0.3%	0.00%
38	CRF Small Business Loan Company, LLC	1	$930K	0.2%	0.00%
39	Bravera Bank	4	$800K	0.2%	0.00%
40	ProGrowth Bank	1	$785K	0.2%	0.00%
41	Regions Bank	1	$745K	0.2%	0.00%
42	UMB Bank, National Association	1	$745K	0.2%	0.00%
43	The First National Bank of Milaca	3	$730K	0.2%	0.00%
44	Newtek Bank, National Association	4	$700K	0.2%	0.00%
45	Citizens State Bank of La Crosse	1	$652K	0.2%	53.63%
46	United Minnesota Bank	2	$540K	0.1%	0.00%
47	21st Century Bank	1	$540K	0.1%	0.00%
48	American National Bank of Minnesota	5	$532K	0.1%	0.00%
49	SouthState Bank, National Association	1	$526K	0.1%	0.00%
50	Perennial Bank	2	$500K	0.1%	0.00%
51	BankCherokee	1	$464K	0.1%	0.00%
52	United Midwest Savings Bank National Association	1	$442K	0.1%	0.00%
53	Northeast Bank	2	$400K	0.1%	0.00%
54	Initiative Foundation	3	$390K	0.1%	0.00%
55	St. Martin National Bank	1	$350K	0.1%	0.00%
56	Eagle Rock Bank	1	$350K	0.1%	0.00%
57	Farmers and Merchants State Bank of Pierz	3	$337K	0.1%	13.08%
58	Platinum Bank	1	$336K	0.1%	0.00%
59	Village Bank	1	$214K	0.1%	0.00%
60	Security Bank & Trust Company	2	$201K	0.1%	0.00%
61	Dacotah Bank	1	$164K	0.0%	0.00%
62	Bank Forward	1	$160K	0.0%	0.00%
63	CenTrust Bank, A Division of SmartBiz Bank National Association	1	$150K	0.0%	0.00%
64	Wadena State Bank	1	$150K	0.0%	0.00%
65	First Independent Bank	1	$147K	0.0%	88.02%
66	Readycap Lending, LLC	1	$145K	0.0%	0.00%
67	Highland Bank	2	$140K	0.0%	0.00%
68	Northeast Entrepreneur Fund, Inc.	1	$125K	0.0%	0.00%
69	Harvest Bank	2	$120K	0.0%	0.00%
70	Clear Lake Bank & Trust Company	1	$110K	0.0%	0.00%
71	Mid Minnesota Federal Credit Union	1	$100K	0.0%	98.06%
72	Drake Bank	1	$75K	0.0%	0.00%
73	Star Bank	2	$40K	0.0%	0.00%
74	Bank of Hope	1	$20K	0.0%	96.24%
75	Capital One National Association	1	$20K	0.0%	0.00%
76	VelocitySBA, LLC	1	$10K	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	Retail trade	126	$50.6M	13.1%
2	Accommodation & food services	108	$39.0M	10.1%
3	Construction	134	$34.9M	9.0%
4	Manufacturing	69	$34.5M	8.9%
5	Health care & social assistance	112	$32.2M	8.3%
6	Transportation & warehousing	75	$24.8M	6.4%
7	Administrative & waste services	51	$24.7M	6.4%
8	Wholesale trade	58	$23.7M	6.1%
9	Manufacturing	60	$22.4M	5.8%
10	Other services	83	$19.6M	5.1%
11	Professional & technical services	81	$15.2M	3.9%
12	Retail trade	59	$13.2M	3.4%
13	Agriculture, forestry & fishing	15	$10.4M	2.7%
14	Information	15	$10.3M	2.7%
15	Finance & insurance	34	$9.3M	2.4%
16	Arts, entertainment & recreation	26	$8.4M	2.2%
17	Real estate & leasing	28	$8.2M	2.1%
18	Manufacturing	15	$3.0M	0.8%
19	Transportation & warehousing	7	$1.6M	0.4%
20	Educational services	8	$1.0M	0.3%
21	Public administration	1	$100K	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.