Lenders › BankVista
7(a) lenderSartell, MinnesotaFDIC-insured bank80th of 2,184 by approvals
BankVista
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.
BankVista, based in Sartell, Minnesota, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 496 of its 7(a) loans worth $231M in FY2021 to FY2025, which places it 80th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 62 approvals totalling $20.7M, down 23% on FY2024 (81). FY2026 to 30 Jun 2026 adds 48 more.
The median approval was $250K, against $190K for the 7(a) program as a whole; 36.3% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 16 states and territories and 68 counties, led by Minnesota (91.1%), Wisconsin (3.4%) and Idaho (0.8%). The largest industry group was health care and social assistance at 20.4% of approvals, and 8.5% of approvals were to franchise businesses.
Of 580 disbursed loans approved in FY2010 to FY2021, SBA records 38 as charged off (6.6%), 419 as paid in full and 123 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 48 | $27.8M | $220K | $580K | 829 |
| FY2025 | 62 | $20.7M | $208K | $335K | 1,289 |
| FY2024 | 81 | $34.8M | $241K | $429K | 1,267 |
| FY2023 | 105 | $37.3M | $246K | $355K | 1,188 |
| FY2022 | 117 | $50.2M | $216K | $429K | 1,798 |
| FY2021 | 131 | $88.0M | $350K | $671K | 2,298 |
| FY2020 | 84 | $53.2M | $380K | $633K | 1,437 |
| FY2019 | 53 | $25.1M | $250K | $473K | 866 |
| FY2018 | 64 | $27.1M | $283K | $423K | 1,304 |
| FY2017 | 49 | $19.9M | $150K | $407K | 658 |
| FY2016 | 45 | $23.0M | $250K | $512K | 969 |
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 295 approvals. First approval on file: FY2010.
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 | Minnesota | 7(a) program |
|---|---|---|---|
| Approvals in these years | 646 | 18,934 | 639,905 |
| Cancelled or never disbursed | 66 | 2,040 | 79,313 |
| Disbursed loans | 580 | 16,894 | 560,592 |
| Paid in full | 419 | 13,664 | 435,813 |
| Charged off | 38 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 123 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 6.6% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.3% | 2.4% | 2.5% |
| Dollars charged off | $6.5M | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 117 | 52 | 2 | 1.7% | 2.8% |
| FY2020 | 72 | 41 | 6 | 8.3% | 4.0% |
| FY2019 | 48 | 32 | 2 | 4.2% | 6.7% |
| FY2018 | 56 | 41 | 8 | 14.3% | 7.9% |
| FY2017 | 44 | 40 | 0 | 0.0% | 7.7% |
| FY2016 | 40 | 35 | 1 | 2.5% | 7.2% |
| FY2015 | 34 | 29 | 3 | 8.8% | 6.9% |
| FY2014 | 32 | 28 | 3 | 9.4% | 6.4% |
| FY2013 | 25 | 18 | 5 | — | 6.0% |
| FY2012 | 34 | 32 | 2 | 5.9% | 6.3% |
| FY2011 | 34 | 33 | 1 | 2.9% | 6.9% |
| FY2010 | 44 | 38 | 5 | 11.4% | 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 | $250K | $190K |
| Average approval | $466K | $518K |
| Approvals of $150,000 or less | 36.3% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 21.0% | 34.3% |
| Approvals to franchise businesses | 8.5% | 11.5% |
| Jobs supported per approval, as reported | 15.8 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.6% | 6.6% |
States served
| # | State of the business (16 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 452 | $211M | 91.1% | |
| 2 | Wisconsin | 17 | $12.5M | 3.4% | |
| 3 | Idaho | 4 | $634K | 0.8% | |
| 4 | Iowa | 3 | $1.3M | 0.6% | |
| 5 | Montana | 3 | $481K | 0.6% | |
| 6 | Michigan | 3 | $308K | 0.6% | |
| 7 | Alaska | 2 | — | 0.4% | |
| 8 | North Dakota | 2 | — | 0.4% | |
| 9 | Florida | 2 | — | 0.4% | |
| 10 | California | 2 | — | 0.4% | |
| 11 | Colorado | 1 | — | 0.2% | |
| 12 | Tennessee | 1 | — | 0.2% |
In Minnesota the lender accounts for 5.5% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (68 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hennepin County, MN | 127 | $66.0M | 25.6% | |
| 2 | Dakota County, MN | 46 | $35.7M | 9.3% | |
| 3 | Ramsey County, MN | 37 | $22.1M | 7.5% | |
| 4 | Stearns County, MN | 36 | $11.5M | 7.3% | |
| 5 | Anoka County, MN | 34 | $15.0M | 6.9% | |
| 6 | Scott County, MN | 28 | $8.2M | 5.6% | |
| 7 | Carver County, MN | 21 | $5.0M | 4.2% | |
| 8 | Blue Earth County, MN | 14 | $3.8M | 2.8% | |
| 9 | Sherburne County, MN | 13 | $4.4M | 2.6% | |
| 10 | Washington County, MN | 12 | $5.5M | 2.4% | |
| 11 | Benton County, MN | 11 | $4.0M | 2.2% | |
| 12 | Wright County, MN | 9 | $1.4M | 1.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 101 | 20.4% | |
| 2 | Manufacturing | 62 | 12.5% | |
| 3 | Accommodation and Food Services | 59 | 11.9% | |
| 4 | Transportation and Warehousing | 47 | 9.5% | |
| 5 | Retail Trade | 47 | 9.5% | |
| 6 | Construction | 40 | 8.1% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 33 | 6.7% | |
| 8 | Professional, Scientific, and Technical Services | 26 | 5.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Offices of Other Health PractitionersNAICS 6213 | 67 | 13.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 50 | 10.1% | |
| 3 | Couriers and Express Delivery ServicesNAICS 4921 | 31 | 6.3% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 26 | 5.2% | |
| 5 | Building Equipment ContractorsNAICS 2382 | 17 | 3.4% | |
| 6 | Home Health Care ServicesNAICS 6216 | 13 | 2.6% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 13 | 2.6% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 13 | 2.6% | |
| 9 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 12 | 2.4% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 11 | 2.2% |
Approval sizes
- $50,000 or less14.1%70
- $50,001 to $150,00022.2%110
- $150,001 to $350,00027.4%136
- $350,001 to $1 million25.4%126
- $1 million to $2 million7.3%36
- Over $2 million3.6%18
Loan terms
- 5 years or less1.4%7
- Over 5 to 10 years88.9%441
- Over 10 to 20 years5.8%29
- Over 20 years3.8%19
Age of the businesses
- Existing, more than 2 years old32.7%162
- New business, 2 years or less12.1%60
- Startup, loan funds will open the business8.9%44
- Change of ownership46.4%230
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 313 | 63.1% | |
| 2 | SBA Express Program | 171 | 34.5% | |
| 3 | 7a General | 12 | 2.4% |
Franchise share
42 of 496 approvals in FY2021–FY2025 (8.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Dunkin' | 4 | 0.8% | |
| 2 | Erbert and Gerbert's | 4 | 0.8% | |
| 3 | Subway | 3 | 0.6% | |
| 4 | Jimmy John's | 3 | 0.6% | |
| 5 | Floor to Ceiling | 3 | 0.6% | |
| 6 | Pet Supplies Plus | 3 | 0.6% | |
| 7 | (ART) Art Recovery Technologies | 2 | 0.4% | |
| 8 | MGM Wine & Spirits | 2 | 0.4% |
Questions and answers
How many SBA loans does BankVista make?
SBA approved 62 7(a) loans through BankVista in FY2025, worth $20.7M, and 496 over FY2021 to FY2025. That ranks 80th of 2,184 active 7(a) lenders by number of approvals.
How large are BankVista's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $250K and the average $466K. The program-wide median was $190K.
What is BankVista's charge-off rate?
Of 580 disbursed loans approved in FY2010 to FY2021, SBA records 38 as charged off (6.6%), 419 as paid in full and 123 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 BankVista lend to most?
By number of approvals in FY2021 to FY2025: offices of other health practitioners (67); restaurants and other eating places (50); couriers and express delivery services (31); services to buildings and dwellings (26).
Where does BankVista make SBA loans?
In 16 states and territories. Minnesota 452, Wisconsin 17, Idaho 4, Iowa 3, Montana 3. In Minnesota it accounts for 5.5% of all 7(a) approvals.
Is BankVista's SBA lending rising?
Approvals in the three latest complete fiscal years total 248, against 332 in the three before: falling (-25%).
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