SBA 7(a) lenders in Todd, MN
Approvals in SBA fiscal years 2008–2026. Source data as of 2026-06-30.
Lenders
24 institutions have SBA 7(a) loans on record in Todd, together $32.7M across 67 loans. Minnwest Bank is the largest, with 22% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | Minnwest Bank | 2 | $7.3M | 22.3% | 0.00% |
| 2 | United Valley Bank | 1 | $4.8M | 14.5% | 0.00% |
| 3 | Wadena State Bank | 4 | $4.2M | 12.7% | 0.00% |
| 4 | Old National Bank | 2 | $3.8M | 11.7% | 0.30% |
| 5 | Magnifi Financial CU | 11 | $3.5M | 10.6% | 0.00% |
| 6 | Unity Bank | 11 | $2.1M | 6.4% | 0.00% |
| 7 | BankVista | 1 | $1.1M | 3.2% | 0.00% |
| 8 | Mid Minnesota Federal Credit Union | 10 | $1.0M | 3.1% | 8.27% |
| 9 | St Cloud Financial Credit Union | 1 | $1.0M | 3.1% | 0.00% |
| 10 | Bell Bank | 1 | $600K | 1.8% | 0.00% |
| 11 | Falcon National Bank | 5 | $541K | 1.7% | 0.00% |
| 12 | First Western Bank & Trust | 3 | $470K | 1.4% | 0.00% |
| 13 | Viking Bank National Association | 2 | $450K | 1.4% | 0.00% |
| 14 | Sentry Bank | 1 | $325K | 1.0% | 0.00% |
| 15 | Stearns Bank National Association | 1 | $307K | 0.9% | 0.00% |
| 16 | Minnesota National Bank | 1 | $295K | 0.9% | 0.00% |
| 17 | American Heritage National Bank | 1 | $231K | 0.7% | 0.00% |
| 18 | Members Cooperative Credit Union | 1 | $190K | 0.6% | 0.00% |
| 19 | Freeport State Bank | 3 | $181K | 0.6% | 0.00% |
| 20 | Star Bank | 1 | $151K | 0.5% | 0.00% |
| 21 | Readycap Lending, LLC | 1 | $130K | 0.4% | 0.00% |
| 22 | The First National Bank of Osakis | 1 | $100K | 0.3% | 0.00% |
| 23 | My Kind of Bank National Association | 1 | $45K | 0.1% | 16.96% |
| 24 | U.S. Bank, National Association | 1 | $25K | 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 | Finance & insurance | 4 | $7.3M | 22.3% |
| 2 | Health care & social assistance | 7 | $6.7M | 20.4% |
| 3 | Manufacturing | 2 | $5.2M | 15.9% |
| 4 | Agriculture, forestry & fishing | 7 | $2.9M | 8.8% |
| 5 | Construction | 6 | $1.9M | 5.9% |
| 6 | Administrative & waste services | 5 | $1.5M | 4.5% |
| 7 | Accommodation & food services | 6 | $1.4M | 4.2% |
| 8 | Manufacturing | 10 | $1.4M | 4.2% |
| 9 | Other services | 8 | $1.3M | 4.0% |
| 10 | Transportation & warehousing | 5 | $1.2M | 3.7% |
| 11 | Manufacturing | 1 | $1.0M | 3.1% |
| 12 | Retail trade | 4 | $778K | 2.4% |
| 13 | Retail trade | 2 | $232K | 0.7% |
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.