SBA 7(a) lenders in Waseca, MN
Approvals in SBA fiscal years 2008–2025. Source data as of 2026-06-30.
Lenders
18 institutions have SBA 7(a) loans on record in Waseca, together $14.6M across 65 loans. United Prairie Bank is the largest, with 24% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | United Prairie Bank | 24 | $3.4M | 23.7% | 0.00% |
| 2 | CCFBank National Association | 2 | $2.8M | 19.5% | 0.00% |
| 3 | First Western SBLC, LLC | 2 | $2.3M | 15.7% | 0.00% |
| 4 | Byline Bank | 2 | $1.6M | 10.6% | 0.00% |
| 5 | Community Bank Mankato | 4 | $659K | 4.5% | 0.00% |
| 6 | Wells Fargo Bank National Association | 4 | $605K | 4.2% | 0.00% |
| 7 | Minnwest Bank | 2 | $525K | 3.6% | 0.00% |
| 8 | Pioneer Bank | 4 | $484K | 3.3% | 0.00% |
| 9 | Arcadian Bank | 3 | $475K | 3.3% | 0.00% |
| 10 | BankVista | 6 | $439K | 3.0% | 0.00% |
| 11 | BANKWEST | 1 | $288K | 2.0% | 0.00% |
| 12 | Janesville State Bank | 1 | $234K | 1.6% | 0.00% |
| 13 | Americana Community Bank | 1 | $226K | 1.6% | 0.00% |
| 14 | Keen Bank National Association | 2 | $157K | 1.1% | 27.02% |
| 15 | Community Bank Owatonna | 3 | $121K | 0.8% | 0.00% |
| 16 | Premier Bank | 2 | $100K | 0.7% | 0.00% |
| 17 | The State Bank of Faribault | 1 | $100K | 0.7% | 0.00% |
| 18 | U.S. Bank, National Association | 1 | $25K | 0.2% | 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 | Wholesale trade | 3 | $3.1M | 21.1% |
| 2 | Accommodation & food services | 9 | $3.0M | 20.4% |
| 3 | Other services | 9 | $1.8M | 12.5% |
| 4 | Health care & social assistance | 3 | $1.6M | 11.0% |
| 5 | Agriculture, forestry & fishing | 3 | $975K | 6.7% |
| 6 | Retail trade | 5 | $814K | 5.6% |
| 7 | Manufacturing | 4 | $752K | 5.2% |
| 8 | Administrative & waste services | 6 | $749K | 5.1% |
| 9 | Construction | 7 | $605K | 4.2% |
| 10 | Retail trade | 4 | $419K | 2.9% |
| 11 | Real estate & leasing | 1 | $344K | 2.4% |
| 12 | Transportation & warehousing | 4 | $131K | 0.9% |
| 13 | Educational services | 2 | $122K | 0.8% |
| 14 | Finance & insurance | 2 | $100K | 0.7% |
| 15 | Manufacturing | 2 | $72K | 0.5% |
| 16 | Arts, entertainment & recreation | 1 | $10K | 0.1% |
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.