Lenders › American Bank of Freedom
7(a) lenderWellsville, MissouriFDIC-insured bank438th of 2,184 by approvals
American Bank of Freedom
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
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.
American Bank of Freedom, based in Wellsville, Missouri, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 63 of its 7(a) loans worth $62.4M in FY2021 to FY2025, which places it 438th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 9 approvals totalling $8.5M. FY2026 to 30 Jun 2026 adds 6 more.
The median approval was $570K, against $190K for the 7(a) program as a whole; 4.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 5 states and territories and 23 counties, led by Missouri (71.4%), Illinois (12.7%) and Indiana (11.1%). The largest industry group was accommodation and food services at 22.2% of approvals, and 22.2% of approvals were to franchise businesses.
Of 102 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (1.0%), 74 as paid in full and 27 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
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. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 6 | $6.2M | $959K | $1.0M | 111 |
| FY2025 | 9 | $8.5M | $950K | $942K | 140 |
| FY2024 | 9 | $7.4M | $505K | $823K | 66 |
| FY2023 | 9 | $4.5M | $285K | $500K | 173 |
| FY2022 | 9 | $6.2M | $420K | $688K | 88 |
| FY2021 | 27 | $35.8M | $713K | $1.3M | 377 |
| FY2020 | 16 | $14.5M | $675K | $908K | 300 |
| FY2019 | 30 | $26.1M | $423K | $870K | 255 |
| FY2018 | 30 | $26.8M | $536K | $895K | 293 |
| FY2017 | 7 | $4.7M | $271K | $675K | 67 |
| FY2016 | 1 | — | — | — | 2 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 84 approvals. First approval on file: FY2016.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Missouri | 7(a) program |
|---|---|---|---|
| Approvals in these years | 111 | 11,816 | 639,905 |
| Cancelled or never disbursed | 9 | 1,369 | 79,313 |
| Disbursed loans | 102 | 10,447 | 560,592 |
| Paid in full | 74 | 8,078 | 435,813 |
| Charged off | 1 | 777 | 36,891 |
| Still outstanding (status exempt from disclosure) | 27 | 1,592 | 87,888 |
| Charged off, share of disbursed loans | 1.0% | 7.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.1% | 3.6% | 2.5% |
| Dollars charged off | $132K | $149M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 25 | 13 | 0 | — | 2.8% |
| FY2020 | 14 | 10 | 0 | — | 4.0% |
| FY2019 | 27 | 22 | 0 | — | 6.7% |
| FY2018 | 28 | 23 | 1 | — | 7.9% |
| FY2017 | 7 | 5 | 0 | — | 7.7% |
| FY2016 | 1 | 1 | 0 | — | 7.2% |
| FY2015 | 0 | 0 | 0 | — | 6.9% |
| FY2014 | 0 | 0 | 0 | — | 6.4% |
| FY2013 | 0 | 0 | 0 | — | 6.0% |
| FY2012 | 0 | 0 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 0 | 0 | 0 | — | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $570K | $190K |
| Average approval | $990K | $518K |
| Approvals of $150,000 or less | 4.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 30.2% | 34.3% |
| Approvals to franchise businesses | 22.2% | 11.5% |
| Jobs supported per approval, as reported | 13.4 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.0% | 6.6% |
States served
| # | State of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Missouri | 45 | $46.3M | 71.4% | |
| 2 | Illinois | 8 | $10.2M | 12.7% | |
| 3 | Indiana | 7 | $4.0M | 11.1% | |
| 4 | Kansas | 2 | — | 3.2% | |
| 5 | Colorado | 1 | — | 1.6% |
In Missouri the lender accounts for 0.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (23 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | St. Louis County, MO | 22 | $17.0M | 34.9% | |
| 2 | St. Charles County, MO | 9 | $11.5M | 14.3% | |
| 3 | Jefferson County, MO | 4 | $6.6M | 6.3% | |
| 4 | Franklin County, MO | 3 | $5.8M | 4.8% | |
| 5 | Montgomery County, IL | 2 | — | 3.2% | |
| 6 | Effingham County, IL | 2 | — | 3.2% | |
| 7 | Madison County, IL | 2 | — | 3.2% | |
| 8 | Marion County, IN | 2 | — | 3.2% | |
| 9 | St. Louis city, MO | 2 | — | 3.2% | |
| 10 | Hamilton County, IN | 2 | — | 3.2% | |
| 11 | Boone County, IN | 1 | — | 1.6% | |
| 12 | St. Clair County, IL | 1 | — | 1.6% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 14 | 22.2% | |
| 2 | Other Services (except Public Administration) | 13 | 20.6% | |
| 3 | Construction | 9 | 14.3% | |
| 4 | Manufacturing | 6 | 9.5% | |
| 5 | Health Care and Social Assistance | 5 | 7.9% | |
| 6 | Retail Trade | 5 | 7.9% | |
| 7 | Wholesale Trade | 4 | 6.3% | |
| 8 | Professional, Scientific, and Technical Services | 2 | 3.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 10 | 15.9% | |
| 2 | Personal Care ServicesNAICS 8121 | 4 | 6.3% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 3 | 4.8% | |
| 4 | Personal and Household Goods Repair and MaintenanceNAICS 8114 | 3 | 4.8% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 3 | 4.8% | |
| 6 | Plastics Product ManufacturingNAICS 3261 | 2 | 3.2% | |
| 7 | Household Appliances and Electrical and Electronic Goods Merchant WholesalersNAICS 4236 | 2 | 3.2% | |
| 8 | Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and MaintenanceNAICS 8113 | 2 | 3.2% | |
| 9 | Other Miscellaneous ManufacturingNAICS 3399 | 2 | 3.2% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 2 | 3.2% |
Approval sizes
- $50,001 to $150,0004.8%3
- $150,001 to $350,00027.0%17
- $350,001 to $1 million33.3%21
- $1 million to $2 million23.8%15
- Over $2 million11.1%7
Loan terms
- Over 5 to 10 years57.1%36
- Over 10 to 20 years22.2%14
- Over 20 years20.6%13
Age of the businesses
- Existing, more than 2 years old12.7%8
- New business, 2 years or less11.1%7
- Startup, loan funds will open the business19.0%12
- Change of ownership57.1%36
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 60 | 95.2% | |
| 2 | SBA Express Program | 3 | 4.8% |
Franchise share
14 of 63 approvals in FY2021–FY2025 (22.2%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Koala Insulation | 3 | 4.8% | |
| 2 | Bee Hive Homes | 1 | 1.6% | |
| 3 | Once Upon A Child | 1 | 1.6% | |
| 4 | Imo's Pizza | 1 | 1.6% | |
| 5 | Narwhal's Crafted | 1 | 1.6% | |
| 6 | Corporate Cleaning Group | 1 | 1.6% | |
| 7 | Waxing the City | 1 | 1.6% | |
| 8 | Massage Envy | 1 | 1.6% |
Questions and answers
How many SBA loans does American Bank of Freedom make?
SBA approved 9 7(a) loans through American Bank of Freedom in FY2025, worth $8.5M, and 63 over FY2021 to FY2025. That ranks 438th of 2,184 active 7(a) lenders by number of approvals.
How large are American Bank of Freedom's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $570K and the average $990K. The program-wide median was $190K.
What is American Bank of Freedom's charge-off rate?
Of 102 disbursed loans approved in FY2010 to FY2021, SBA records 1 as charged off (1.0%), 74 as paid in full and 27 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does American Bank of Freedom lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (10); personal care services (4); automotive repair and maintenance (3); personal and household goods repair and maintenance (3).
Where does American Bank of Freedom make SBA loans?
In 5 states and territories. Missouri 45, Illinois 8, Indiana 7, Kansas 2, Colorado 1. In Missouri it accounts for 0.9% of all 7(a) approvals.
Is American Bank of Freedom's SBA lending rising?
Approvals in the three latest complete fiscal years total 27, against 52 in the three before: falling (-48%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
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. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error