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County27th of 87 in Minnesota by approvalsFIPS 27059
SBA loans in Isanti County, Minnesota
7(a) and 504 approvals to businesses located in the county, set against the number of businesses there and against the state.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
SBA approved 56 loans to businesses in Isanti County, Minnesota, in FY2021 to FY2025, worth $28.2M: 50 under 7(a) and 6 under 504.
That is 55.8 approvals per 1,000 business establishments (1,004 establishments in 2023), close to the Minnesota figure of 62.4 and above the national 41.0.
It ranks 27th of 87 Minnesota counties with approvals. In FY2025 there were 12.
25 lenders had approvals here; the most active were Frandsen Bank and Trust (5), Hiawatha National Bank (5) and Old National Bank (4). The most common industry was restaurants and other eating places.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Data through 30 Jun 2026.
Lenders most active in Isanti County
By number of approvals to businesses in the county, FY2021–FY2025; 25 lenders had at least one.
| # | Lender | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Frandsen Bank and TrustArden Hills, MN | 5 | $4.8M | 8.9% | |
| 2 | Hiawatha National BankHager City, WI | 5 | $3.0M | 8.9% | |
| 3 | Old National BankEvansville, IN | 4 | $6.2M | 7.1% | |
| 4 | Falcon National BankFoley, MN | 4 | $2.0M | 7.1% | |
| 5 | U.S. Bank, National AssociationCincinnati, OH | 4 | $661K | 7.1% | |
| 6 | 21st Century BankLoretto, MN | 3 | $1.3M | 5.4% | |
| 7 | First Bank & TrustBrookings, SD | 3 | $1.1M | 5.4% | |
| 8 | Members Cooperative Credit UnionDuluth, MN | 3 | $344K | 5.4% | |
| 9 | Live Oak Banking CompanyWilmington, NC | 2 | — | 3.6% | |
| 10 | Twin Cities-Metro Certified Development CompanyVadnais Heights, MN · CDC | 2 | — | 3.6% | |
| 11 | Amplio Economic Development CorporationArden Hills, MN · CDC | 2 | — | 3.6% | |
| 12 | BankVistaSartell, MN | 2 | — | 3.6% | |
| 13 | First Citizens BankMason City, IA | 2 | — | 3.6% | |
| 14 | Northeast Entrepreneur Fund, Inc.Duluth, MN | 2 | — | 3.6% | |
| 15 | The Huntington National BankColumbus, OH | 2 | — | 3.6% |
Industries
| # | Industry group (NAICS 4-digit) | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 7 | 12.5% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 4 | 7.1% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 4 | 7.1% | |
| 4 | Offices of DentistsNAICS 6212 | 3 | 5.4% | |
| 5 | Other General Purpose Machinery ManufacturingNAICS 3339 | 3 | 5.4% | |
| 6 | Miscellaneous Nondurable Goods Merchant WholesalersNAICS 4249 | 3 | 5.4% | |
| 7 | Other Fabricated Metal Product ManufacturingNAICS 3329 | 2 | 3.6% | |
| 8 | Medical Equipment and Supplies ManufacturingNAICS 3391 | 2 | 3.6% | |
| 9 | Lessors of Real EstateNAICS 5311 | 2 | 3.6% | |
| 10 | Computer Systems Design and Related ServicesNAICS 5415 | 2 | 3.6% |
Sectors
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 10 | 17.9% | |
| 2 | Construction | 8 | 14.3% | |
| 3 | Accommodation and Food Services | 7 | 12.5% | |
| 4 | Wholesale Trade | 7 | 12.5% | |
| 5 | Other Services (except Public Administration) | 6 | 10.7% | |
| 6 | Health Care and Social Assistance | 5 | 8.9% | |
| 7 | Retail Trade | 4 | 7.1% | |
| 8 | Transportation and Warehousing | 3 | 5.4% |
Approvals by fiscal year
| Fiscal year | 7(a) approvals | 7(a) dollars | Median 7(a) | 504 approvals | 504 dollars | All approvals | Jobs supported, as reported |
|---|---|---|---|---|---|---|---|
| FY2026* | 5 | $1.9M | $350K | 2 | — | 7 | 218 |
| FY2025 | 10 | $3.8M | $184K | 2 | — | 12 | 72 |
| FY2024 | 7 | $2.9M | $333K | 1 | — | 8 | 27 |
| FY2023 | 8 | $4.4M | $373K | 1 | — | 9 | 66 |
| FY2022 | 16 | $9.6M | $163K | 1 | — | 17 | 326 |
| FY2021 | 9 | $4.2M | $210K | 1 | — | 10 | 176 |
| FY2020 | 11 | $3.2M | $279K | 7 | $3.6M | 18 | 100 |
| FY2019 | 5 | $507K | $50K | 5 | $3.6M | 10 | 116 |
| FY2018 | 6 | $2.3M | $262K | 6 | $2.9M | 12 | 159 |
| FY2017 | 6 | $520K | $93K | 2 | — | 8 | 48 |
| FY2016 | 10 | $1.5M | $150K | 1 | — | 11 | 78 |
In FY2016–FY2020, the five fiscal years before the current window, the county had 59 approvals.
Against Minnesota and the country
| FY2021–FY2025 | Isanti County | Minnesota | United States |
|---|---|---|---|
| Approvals | 56 | 9,634 | 342,825 |
| Approvals per 1,000 establishments | 55.8 | 62.4 | 41.0 |
| Median 7(a) approval | $244K | $170K | $190K |
| Median 504 approval | $399K | $545K | $657K |
| Average approval | $503K | $497K | $573K |
| 504 share of approvals | 10.7% | 14.8% | 11.0% |
| Jobs supported per approval, as reported | 11.9 | 11.7 | 10.5 |
| Share of state approvals | 0.6% | 100.0% | — |
Approval sizes
- $50,000 or less16.1%9
- $50,001 to $150,00019.6%11
- $150,001 to $350,00023.2%13
- $350,001 to $1 million28.6%16
- $1 million to $2 million8.9%5
- Over $2 million3.6%2
Age of the businesses
- Existing, more than 2 years old53.6%30
- New business, 2 years or less12.5%7
- Startup, loan funds will open the business16.1%9
- Change of ownership17.9%10
Questions and answers
Which lenders make the most SBA loans in Isanti County?
By approvals in FY2021 to FY2025: Frandsen Bank and Trust (5), Hiawatha National Bank (5), Old National Bank (4), Falcon National Bank (4), U.S. Bank, National Association (4). Volume says how active a lender is, nothing about terms or service.
How large are typical SBA loans in Isanti County?
The median 7(a) approval was $244K and the median 504 approval $399K; the Minnesota 7(a) median was $170K.
Which industries get the most SBA loans in Isanti County?
Restaurants and Other Eating Places (7); Automotive Repair and Maintenance (4); Building Equipment Contractors (4); Offices of Dentists (3); Other General Purpose Machinery Manufacturing (3).
Is SBA lending in Isanti County rising?
Approvals in the three latest complete fiscal years total 29, against 45 in the three before: falling (-36%).
How does Isanti County compare with the rest of Minnesota?
55.8 approvals per 1,000 establishments against 62.4 statewide, and 56 of the state's 9,634 approvals.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Establishment counts are from the Census Bureau's County Business Patterns 2023, which leaves out most farms, government and businesses without employees. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error