Lenders › BMO Bank National Association
7(a) lenderChicago, IllinoisFDIC-insured bank40th of 2,184 by approvals
BMO Bank National Association
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.
BMO Bank National Association, based in Chicago, Illinois, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 963 of its 7(a) loans worth $840M in FY2021 to FY2025, which places it 40th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 48 approvals totalling $52.3M, down 13% on FY2024 (55). FY2026 to 30 Jun 2026 adds 16 more.
The median approval was $512K, against $190K for the 7(a) program as a whole; 10.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 28 states and territories and 153 counties, led by California (48.9%), Colorado (12.1%) and New Mexico (5.5%). The largest industry group was health care and social assistance at 14.4% of approvals, and 7.7% of approvals were to franchise businesses.
Of 3,409 disbursed loans approved in FY2010 to FY2021, SBA records 99 as charged off (2.9%), 2,120 as paid in full and 1,190 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* | 16 | $18.3M | $749K | $1.1M | 220 |
| FY2025 | 48 | $52.3M | $841K | $1.1M | 788 |
| FY2024 | 55 | $58.7M | $808K | $1.1M | 782 |
| FY2023 | 288 | $209M | $351K | $727K | 4,913 |
| FY2022 | 190 | $183M | $596K | $964K | 2,575 |
| FY2021 | 382 | $337M | $527K | $882K | 4,902 |
| FY2020 | 359 | $244M | $354K | $680K | 2,232 |
| FY2019 | 391 | $229M | $350K | $585K | 2,904 |
| FY2018 | 457 | $272M | $350K | $594K | 4,525 |
| FY2017 | 411 | $267M | $350K | $650K | 3,528 |
| FY2016 | 315 | $215M | $425K | $684K | 3,868 |
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 1,933 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 | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 3,841 | 79,249 | 639,905 |
| Cancelled or never disbursed | 432 | 10,102 | 79,313 |
| Disbursed loans | 3,409 | 69,147 | 560,592 |
| Paid in full | 2,120 | 52,688 | 435,813 |
| Charged off | 99 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 1,190 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 2.9% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.9% | 1.5% | 2.5% |
| Dollars charged off | $20.0M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 344 | 71 | 6 | 1.7% | 2.8% |
| FY2020 | 313 | 107 | 5 | 1.6% | 4.0% |
| FY2019 | 369 | 166 | 8 | 2.2% | 6.7% |
| FY2018 | 431 | 231 | 4 | 0.9% | 7.9% |
| FY2017 | 386 | 240 | 12 | 3.1% | 7.7% |
| FY2016 | 294 | 219 | 7 | 2.4% | 7.2% |
| FY2015 | 339 | 259 | 7 | 2.1% | 6.9% |
| FY2014 | 250 | 210 | 12 | 4.8% | 6.4% |
| FY2013 | 169 | 143 | 9 | 5.3% | 6.0% |
| FY2012 | 148 | 134 | 7 | 4.7% | 6.3% |
| FY2011 | 188 | 173 | 11 | 5.9% | 6.9% |
| FY2010 | 178 | 167 | 11 | 6.2% | 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 | $512K | $190K |
| Average approval | $873K | $518K |
| Approvals of $150,000 or less | 10.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 13.2% | 34.3% |
| Approvals to franchise businesses | 7.7% | 11.5% |
| Jobs supported per approval, as reported | 14.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.9% | 6.6% |
States served
| # | State of the business (28 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 471 | $450M | 48.9% | |
| 2 | Colorado | 117 | $82.0M | 12.1% | |
| 3 | New Mexico | 53 | $37.4M | 5.5% | |
| 4 | Arizona | 50 | $35.9M | 5.2% | |
| 5 | Illinois | 40 | $31.4M | 4.2% | |
| 6 | Washington | 36 | $44.7M | 3.7% | |
| 7 | Wisconsin | 35 | $16.7M | 3.6% | |
| 8 | Oregon | 32 | $25.8M | 3.3% | |
| 9 | Utah | 30 | $27.4M | 3.1% | |
| 10 | Nevada | 21 | $18.4M | 2.2% | |
| 11 | Missouri | 11 | $9.1M | 1.1% | |
| 12 | Idaho | 10 | $10.9M | 1.0% |
In California the lender accounts for 1.4% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (153 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 131 | $138M | 13.6% | |
| 2 | Orange County, CA | 52 | $52.3M | 5.4% | |
| 3 | Bernalillo County, NM | 45 | $29.4M | 4.7% | |
| 4 | San Diego County, CA | 41 | $37.3M | 4.3% | |
| 5 | Maricopa County, AZ | 36 | $26.4M | 3.7% | |
| 6 | Santa Clara County, CA | 33 | $42.0M | 3.4% | |
| 7 | Alameda County, CA | 27 | $22.9M | 2.8% | |
| 8 | Denver County, CO | 24 | $19.7M | 2.5% | |
| 9 | Cook County, IL | 23 | $18.9M | 2.4% | |
| 10 | San Bernardino County, CA | 22 | $25.6M | 2.3% | |
| 11 | Riverside County, CA | 21 | $16.4M | 2.2% | |
| 12 | Contra Costa County, CA | 19 | $18.6M | 2.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 139 | 14.4% | |
| 2 | Professional, Scientific, and Technical Services | 124 | 12.9% | |
| 3 | Construction | 109 | 11.3% | |
| 4 | Retail Trade | 107 | 11.1% | |
| 5 | Accommodation and Food Services | 96 | 10.0% | |
| 6 | Other Services (except Public Administration) | 83 | 8.6% | |
| 7 | Manufacturing | 79 | 8.2% | |
| 8 | Wholesale Trade | 60 | 6.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 79 | 8.2% | |
| 2 | Automotive Repair and MaintenanceNAICS 8111 | 41 | 4.3% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 36 | 3.7% | |
| 4 | Offices of DentistsNAICS 6212 | 35 | 3.6% | |
| 5 | Accounting, Tax Preparation, Bookkeeping, and Payroll ServicesNAICS 5412 | 35 | 3.6% | |
| 6 | Other Specialty Trade ContractorsNAICS 2389 | 34 | 3.5% | |
| 7 | Building Equipment ContractorsNAICS 2382 | 34 | 3.5% | |
| 8 | Offices of PhysiciansNAICS 6211 | 24 | 2.5% | |
| 9 | Activities Related to Real EstateNAICS 5313 | 22 | 2.3% | |
| 10 | Other Professional, Scientific, and Technical ServicesNAICS 5419 | 21 | 2.2% |
Approval sizes
- $50,000 or less1.9%18
- $50,001 to $150,0008.3%80
- $150,001 to $350,00029.0%279
- $350,001 to $1 million33.6%324
- $1 million to $2 million16.6%160
- Over $2 million10.6%102
Loan terms
- 5 years or less2.9%28
- Over 5 to 10 years48.0%462
- Over 10 to 20 years5.7%55
- Over 20 years43.4%418
Age of the businesses
- Existing, more than 2 years old68.7%662
- New business, 2 years or less8.6%83
- Startup, loan funds will open the business4.6%44
- Change of ownership18.1%174
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 920 | 95.5% | |
| 2 | SBA Express Program | 35 | 3.6% | |
| 3 | 7a with EWCP | 4 | 0.4% | |
| 4 | 7a General | 4 | 0.4% |
Franchise share
74 of 963 approvals in FY2021–FY2025 (7.7%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Svn | 11 | 1.1% | |
| 2 | Ace Hardware | 3 | 0.3% | |
| 3 | Subway | 3 | 0.3% | |
| 4 | Primrose Schools | 2 | 0.2% | |
| 5 | The UPS Store | 2 | 0.2% | |
| 6 | ServiceMaster | 2 | 0.2% | |
| 7 | Gktech | 2 | 0.2% | |
| 8 | Cousins Subs | 2 | 0.2% |
Questions and answers
How many SBA loans does BMO Bank National Association make?
SBA approved 48 7(a) loans through BMO Bank National Association in FY2025, worth $52.3M, and 963 over FY2021 to FY2025. That ranks 40th of 2,184 active 7(a) lenders by number of approvals.
How large are BMO Bank National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $512K and the average $873K. The program-wide median was $190K.
What is BMO Bank National Association's charge-off rate?
Of 3,409 disbursed loans approved in FY2010 to FY2021, SBA records 99 as charged off (2.9%), 2,120 as paid in full and 1,190 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 BMO Bank National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (79); automotive repair and maintenance (41); offices of other health practitioners (36); offices of dentists (35).
Where does BMO Bank National Association make SBA loans?
In 28 states and territories. California 471, Colorado 117, New Mexico 53, Arizona 50, Illinois 40. In California it accounts for 1.4% of all 7(a) approvals.
Is BMO Bank National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 391, against 931 in the three before: falling (-58%).
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