SBA 7(a) lenders in Walsh, ND
Approvals in SBA fiscal years 2008–2024. Source data as of 2026-06-30.
Lenders
11 institutions have SBA 7(a) loans on record in Walsh, together $17.1M across 41 loans. First United Bank is the largest, with 30% of approvals.
| Rank | Lender | Loans | Approved | Share | Loss rate |
|---|---|---|---|---|---|
| 1 | First United Bank | 2 | $5.1M | 29.8% | 0.00% |
| 2 | Frandsen Bank and Trust | 1 | $4.3M | 25.2% | 0.00% |
| 3 | Ultima Bank Minnesota | 4 | $1.8M | 10.6% | 0.00% |
| 4 | Old National Bank | 13 | $1.6M | 9.5% | 0.00% |
| 5 | Choice Financial Group | 7 | $1.4M | 8.3% | 0.00% |
| 6 | U.S. Bank, National Association | 6 | $1.4M | 7.9% | 0.00% |
| 7 | First International Bank and Trust | 1 | $954K | 5.6% | 0.00% |
| 8 | Citizens State Bank of Lankin | 3 | $252K | 1.5% | 0.00% |
| 9 | Bank Forward | 1 | $150K | 0.9% | 0.00% |
| 10 | Wells Fargo Bank National Association | 2 | $115K | 0.7% | 0.00% |
| 11 | Capital Credit Union | 1 | $18K | 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 | Agriculture, forestry & fishing | 2 | $9.3M | 54.4% |
| 2 | Construction | 17 | $3.0M | 17.6% |
| 3 | Manufacturing | 7 | $1.9M | 11.4% |
| 4 | Transportation & warehousing | 3 | $1.4M | 8.0% |
| 5 | Management of companies | 1 | $450K | 2.6% |
| 6 | Accommodation & food services | 4 | $332K | 1.9% |
| 7 | Retail trade | 3 | $210K | 1.2% |
| 8 | Wholesale trade | 1 | $200K | 1.2% |
| 9 | Transportation & warehousing | 1 | $150K | 0.9% |
| 10 | Other services | 2 | $132K | 0.8% |
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.