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Bank · Lonsdale, MN

Frandsen Bank and Trust: SBA lending profile

SBA 7(a) loans, October 2021 to June 30, 2026 · Updated October 15, 2026 · Lender website
240
SBA loans approved
$137.3M
Total approved
$350,000
Median loan
3
States lent in
34%
To startups
#176
National rank by loans

Frandsen Bank and Trust approved 240 SBA loans worth $137.3M between October 2021 and June 2026, ranking #176 of 2,283 SBA lenders nationally by loan count. Its median loan was $350,000, and 34% went to startups or businesses under two years old. It lent in 3 states, most often in Minnesota, and its most financed industry was restaurants and hotels.

SBA loans per fiscal year

0204060FY14: 9 loansFY14FY15: 25 loansFY15FY16: 19 loansFY16FY17: 36 loansFY17FY18: 45 loansFY18FY19: 28 loansFY19FY20: 45 loansFY20FY21: 53 loansFY21FY22: 41 loansFY22FY23: 57 loansFY23FY24: 46 loansFY24FY25: 59 loansFY2559FY26 (Oct to Jun): 37 loansFY2637
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.

Where Frandsen Bank and Trust lends

StateLoansApprovedMedian loanRank in state
Minnesota205$116.9M$346,000#8
Wisconsin31$18.0M$350,000#37
North Dakota4$2.5M$610,450#35

Industries Frandsen Bank and Trust finances

IndustryLoansShareMedian loan
Restaurants and hotels32
13%
$491,050
Other services (repair, personal care)30
12%
$347,700
Construction29
12%
$307,000
Manufacturing28
12%
$446,000
Health care and social assistance28
12%
$255,600
Retail22
9%
$272,450
Administrative and support services15
6%
$445,000
Professional and technical services13
5%
$187,000
Arts, entertainment and recreation13
5%
$338,000
Wholesale trade9
4%
$1,613,700
Loan size mix
  • Under $150,00018%
  • $150,000 to $500,00042%
  • $500,000 to $2 million37%
  • $2 million and up3%
Loan programs used
  • Preferred Lender (PLP)80%
  • SBA Express15%
  • Standard 7(a)5%
  • CAPLines0%
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.