SBA 7(a) lenders in Swift, MN
Approvals in SBA fiscal years 2008–2024. Source data as of 2026-06-30.
Lenders
15 institutions have SBA 7(a) loans on record in Swift, together $8.2M across 42 loans. Old National Bank is the largest, with 44% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Old National Bank | 5 | $3.7M | 44.4% | 0.61% |
| 2 | Lake Region Bank | 16 | $979K | 11.9% | 0.00% |
| 3 | Enterprise Bank & Trust | 1 | $603K | 7.3% | 0.00% |
| 4 | Kensington Bank | 1 | $500K | 6.1% | 0.00% |
| 5 | Magnifi Financial CU | 1 | $345K | 4.2% | 0.00% |
| 6 | Glenwood State Bank Incorporated | 2 | $329K | 4.0% | 0.00% |
| 7 | Minnwest Bank | 1 | $325K | 4.0% | 0.00% |
| 8 | Starion Bank | 2 | $325K | 4.0% | 0.00% |
| 9 | RiverWood Bank | 2 | $253K | 3.1% | 0.00% |
| 10 | Ultima Bank Minnesota | 1 | $219K | 2.7% | 0.00% |
| 11 | BMO Bank National Association | 1 | $160K | 1.9% | 0.00% |
| 12 | Heritage Bank, National Association | 1 | $137K | 1.7% | 0.00% |
| 13 | Bravera Bank | 6 | $133K | 1.6% | 0.00% |
| 14 | First Savings Bank | 1 | $132K | 1.6% | 0.00% |
| 15 | First Interstate Bank | 1 | $128K | 1.6% | 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 | 2 | $3.1M | 38.2% |
| 2 | Construction | 7 | $1.0M | 12.6% |
| 3 | Retail trade | 5 | $953K | 11.6% |
| 4 | Other services | 11 | $782K | 9.5% |
| 5 | Transportation & warehousing | 5 | $686K | 8.3% |
| 6 | Manufacturing | 4 | $403K | 4.9% |
| 7 | Retail trade | 1 | $274K | 3.3% |
| 8 | Mining & extraction | 1 | $250K | 3.0% |
| 9 | Agriculture, forestry & fishing | 1 | $219K | 2.7% |
| 10 | Accommodation & food services | 2 | $217K | 2.6% |
| 11 | Administrative & waste services | 1 | $196K | 2.4% |
| 12 | Manufacturing | 1 | $40K | 0.5% |
| 13 | Professional & technical services | 1 | $20K | 0.2% |
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.