SBA 7(a) lenders in Washington, MN

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

Lenders

110 institutions have SBA 7(a) loans on record in Washington, together $430.5M across 1,338 loans. Old National Bank is the largest, with 17% of approvals.

Showing

Yearsto

Rank	Lender	Loans	Approved	Share	Loss rate
1	Old National Bank	122	$71.6M	16.6%	2.10%
2	U.S. Bank, National Association	281	$36.1M	8.4%	0.71%
3	Wells Fargo Bank National Association	117	$36.0M	8.4%	7.68%
4	Platinum Bank	72	$29.9M	6.9%	0.11%
5	BankVista	31	$16.0M	3.7%	0.41%
6	Choice Financial Group	34	$15.6M	3.6%	0.00%
7	21st Century Bank	35	$14.2M	3.3%	5.69%
8	Nicolet National Bank	24	$12.2M	2.8%	0.00%
9	Live Oak Banking Company	11	$11.9M	2.8%	0.00%
10	The Huntington National Bank	63	$10.9M	2.5%	0.00%
11	First Resource Bank	41	$9.3M	2.2%	4.16%
12	Lake Elmo Bank	36	$9.2M	2.1%	0.00%
13	Stearns Bank National Association	11	$9.1M	2.1%	3.20%
14	Bell Bank	15	$7.5M	1.7%	0.00%
15	Alliance Bank	3	$6.8M	1.6%	0.00%
16	CorTrust Bank National Association	19	$6.7M	1.6%	0.00%
17	Drake Bank	15	$6.6M	1.5%	1.90%
18	Hiawatha National Bank	25	$5.7M	1.3%	5.48%
19	Sunrise Banks National Association	25	$5.0M	1.2%	0.00%
20	Minnwest Bank	14	$4.6M	1.1%	0.00%
21	BankCherokee	9	$4.5M	1.0%	0.00%
22	Frandsen Bank and Trust	11	$4.5M	1.0%	0.00%
23	Premier Bank	22	$4.2M	1.0%	32.31%
24	Bridgewater Bank	4	$3.9M	0.9%	0.00%
25	Village Bank	8	$3.6M	0.8%	7.17%
26	Deerwood Bank	3	$3.4M	0.8%	0.00%
27	First Bank & Trust	4	$3.4M	0.8%	0.00%
28	Byline Bank	2	$3.2M	0.7%	0.00%
29	Merchants Bank, National Association	10	$3.2M	0.7%	0.00%
30	United Midwest Savings Bank National Association	11	$3.1M	0.7%	3.52%
31	Associated Bank National Association	37	$3.0M	0.7%	2.89%
32	IncredibleBank	3	$2.9M	0.7%	0.00%
33	Members Cooperative Credit Union	2	$2.7M	0.6%	0.00%
34	Coulee Bank	3	$2.6M	0.6%	0.00%
35	Highland Bank	9	$2.6M	0.6%	0.00%
36	First Bank of the Lake	4	$2.5M	0.6%	0.00%
37	Stone Bank	1	$2.4M	0.5%	0.00%
38	Citizens State Bank	10	$2.3M	0.5%	0.00%
39	MidCountry Bank	8	$2.3M	0.5%	0.00%
40	Readycap Lending, LLC	7	$2.3M	0.5%	10.11%
41	BayFirst National Bank	6	$2.0M	0.5%	0.00%
42	North American Banking Company	6	$1.8M	0.4%	0.00%
43	Alerus Financial, National Association	7	$1.8M	0.4%	0.00%
44	Newtek Bank, National Association	6	$1.7M	0.4%	0.00%
45	Northeast Bank	10	$1.5M	0.3%	0.00%
46	Millennium Bank	1	$1.4M	0.3%	0.00%
47	UMB Bank, National Association	4	$1.3M	0.3%	0.00%
48	Profinium Inc	1	$1.3M	0.3%	0.00%
49	Pinnacle Bank	2	$1.3M	0.3%	0.00%
50	Falcon National Bank	2	$1.2M	0.3%	0.00%
51	City & County CU	3	$1.2M	0.3%	0.00%
52	North Star Bank	3	$1.2M	0.3%	7.84%
53	National Bank of Commerce	1	$1.1M	0.3%	0.00%
54	FWBank	1	$1.0M	0.2%	0.00%
55	First State Bank and Trust	4	$1.0M	0.2%	0.00%
56	Security Bank & Trust Company	3	$964K	0.2%	0.00%
57	Dairy State Bank	2	$946K	0.2%	0.00%
58	Premier Bank Minnesota	10	$935K	0.2%	0.00%
59	CCFBank National Association	3	$932K	0.2%	0.00%
60	Paragon Bank	1	$903K	0.2%	0.00%
61	Security Financial Bank	1	$900K	0.2%	0.00%
62	Seacoast National Bank	1	$849K	0.2%	0.00%
63	Celtic Bank Corporation	7	$785K	0.2%	10.63%
64	First National Community Bank	10	$768K	0.2%	4.10%
65	Tradition Capital Bank	1	$721K	0.2%	0.00%
66	Minnesota Lakes Bank	2	$705K	0.2%	0.00%
67	Blaze Credit Union	3	$651K	0.2%	0.00%
68	Heritage Bank, National Association	2	$650K	0.2%	33.21%
69	Lendistry SBLC, LLC	1	$585K	0.1%	0.00%
70	VelocitySBA, LLC	7	$585K	0.1%	2.22%
71	Farmers and Merchants Savings Bank	2	$582K	0.1%	0.00%
72	Colony Bank	1	$579K	0.1%	0.00%
73	Commerce Bank	1	$555K	0.1%	0.00%
74	First Bank	1	$544K	0.1%	90.44%
75	Summit Community Bank	3	$538K	0.1%	0.00%
76	Citizens Bank	1	$469K	0.1%	76.63%
77	Northeast Bank	4	$456K	0.1%	0.00%
78	First National Bank	5	$442K	0.1%	0.00%
79	CRF Small Business Loan Company, LLC	2	$430K	0.1%	0.00%
80	United Prairie Bank	1	$392K	0.1%	0.00%
81	BMO Bank National Association	4	$388K	0.1%	0.00%
82	TD Bank, National Association	1	$380K	0.1%	53.29%
83	Metropolitan Economic Development Association	2	$375K	0.1%	0.00%
84	First National Bank of Pennsylvania	1	$370K	0.1%	0.00%
85	VisionBank	3	$325K	0.1%	0.00%
86	Magnifi Financial CU	3	$320K	0.1%	14.57%
87	CenTrust Bank, A Division of SmartBiz Bank National Association	2	$278K	0.1%	0.00%
88	Center National Bank	1	$275K	0.1%	0.00%
89	Lender 2057189	2	$272K	0.1%	0.00%
90	Community State Bank	1	$260K	0.1%	0.00%
91	Kensington Bank	1	$250K	0.1%	0.00%
92	Lakeview Bank	1	$208K	0.0%	0.00%
93	Cornerstone Bank	1	$200K	0.0%	0.00%
94	Belle Plaine Bancorporation, Inc.	1	$195K	0.0%	0.00%
95	Community Resource Bank	2	$160K	0.0%	0.00%
96	JPMorgan Chase Bank, National Association	1	$150K	0.0%	0.00%
97	CDC Small Business Finance Corp.	1	$150K	0.0%	0.00%
98	Scale Bank	1	$150K	0.0%	0.00%
99	The State Bank of Faribault	1	$107K	0.0%	0.00%
100	Granite Bank	2	$100K	0.0%	0.00%
101	First Farmers & Merchants Bank	1	$100K	0.0%	0.00%
102	First Children's Finance	2	$100K	0.0%	0.00%
103	Capital One National Association	2	$75K	0.0%	31.69%
104	Ideal CU	1	$65K	0.0%	0.00%
105	Pioneer Bank	1	$60K	0.0%	74.75%
106	Unity Bank	1	$51K	0.0%	0.00%
107	TruStone Financial CU	1	$50K	0.0%	0.00%
108	Bravera Bank	1	$41K	0.0%	0.00%
109	MY CU	1	$40K	0.0%	0.00%
110	Woodlands National Bank	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	Other services	152	$52.5M	12.2%
2	Construction	190	$49.6M	11.5%
3	Health care & social assistance	155	$48.9M	11.4%
4	Accommodation & food services	116	$42.1M	9.8%
5	Manufacturing	49	$25.6M	6.0%
6	Transportation & warehousing	38	$24.8M	5.8%
7	Professional & technical services	127	$24.0M	5.6%
8	Administrative & waste services	70	$20.4M	4.7%
9	Retail trade	92	$20.3M	4.7%
10	Wholesale trade	62	$19.8M	4.6%
11	Arts, entertainment & recreation	61	$18.4M	4.3%
12	Manufacturing	25	$15.9M	3.7%
13	Real estate & leasing	34	$13.9M	3.2%
14	Retail trade	63	$12.2M	2.8%
15	Transportation & warehousing	19	$11.7M	2.7%
16	Educational services	21	$10.1M	2.4%
17	Finance & insurance	25	$8.7M	2.0%
18	Manufacturing	21	$7.7M	1.8%
19	Public administration	1	$2.2M	0.5%
20	Information	14	$1.6M	0.4%
21	Agriculture, forestry & fishing	3	$253K	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.