Lenders › Citizens Bank & Trust Co
7(a) lenderHutchinson, MinnesotaFDIC-insured bank420th of 2,184 by approvals
Citizens Bank & Trust Co
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.
Citizens Bank & Trust Co, based in Hutchinson, Minnesota, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 68 of its 7(a) loans worth $10.8M in FY2021 to FY2025, which places it 420th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 13 approvals totalling $557K. FY2026 to 30 Jun 2026 adds 2 more.
The median approval was $85K, against $190K for the 7(a) program as a whole; 80.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 1 state or territory and 5 counties, led by Minnesota (100.0%). The largest industry group was retail trade at 17.6% of approvals, and 4.4% of approvals were to franchise businesses.
Of 132 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.5%), 106 as paid in full and 24 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* | 2 | — | — | — | 8 |
| FY2025 | 13 | $557K | $32K | $43K | 38 |
| FY2024 | 8 | $952K | $131K | $119K | 30 |
| FY2023 | 10 | $2.9M | $90K | $291K | 58 |
| FY2022 | 10 | $1.7M | $50K | $171K | 66 |
| FY2021 | 27 | $4.6M | $125K | $171K | 386 |
| FY2020 | 15 | $1.7M | $65K | $112K | 163 |
| FY2019 | 7 | $1.1M | $150K | $156K | 78 |
| FY2018 | 8 | $740K | $68K | $92K | 36 |
| FY2017 | 9 | $1.5M | $79K | $163K | 72 |
| FY2016 | 11 | $905K | $50K | $82K | 88 |
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 50 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 | 141 | 18,934 | 639,905 |
| Cancelled or never disbursed | 9 | 2,040 | 79,313 |
| Disbursed loans | 132 | 16,894 | 560,592 |
| Paid in full | 106 | 13,664 | 435,813 |
| Charged off | 2 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 24 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 1.5% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 0.4% | 2.4% | 2.5% |
| Dollars charged off | $66K | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 22 | 11 | 0 | — | 2.8% |
| FY2020 | 14 | 10 | 1 | — | 4.0% |
| FY2019 | 7 | 3 | 0 | — | 6.7% |
| FY2018 | 8 | 6 | 0 | — | 7.9% |
| FY2017 | 9 | 7 | 0 | — | 7.7% |
| FY2016 | 11 | 10 | 0 | — | 7.2% |
| FY2015 | 10 | 9 | 1 | — | 6.9% |
| FY2014 | 10 | 10 | 0 | — | 6.4% |
| FY2013 | 4 | 4 | 0 | — | 6.0% |
| FY2012 | 16 | 16 | 0 | — | 6.3% |
| FY2011 | 10 | 9 | 0 | — | 6.9% |
| FY2010 | 11 | 11 | 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 | $85K | $190K |
| Average approval | $158K | $518K |
| Approvals of $150,000 or less | 80.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 42.6% | 34.3% |
| Approvals to franchise businesses | 4.4% | 11.5% |
| Jobs supported per approval, as reported | 8.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.5% | 6.6% |
States served
| # | State of the business (1 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 68 | $10.8M | 100.0% |
In Minnesota the lender accounts for 0.8% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | McLeod County, MN | 57 | $9.0M | 83.8% | |
| 2 | Meeker County, MN | 5 | $875K | 7.4% | |
| 3 | Hennepin County, MN | 3 | $700K | 4.4% | |
| 4 | Renville County, MN | 2 | — | 2.9% | |
| 5 | Scott County, MN | 1 | — | 1.5% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 12 | 17.6% | |
| 2 | Health Care and Social Assistance | 9 | 13.2% | |
| 3 | Accommodation and Food Services | 8 | 11.8% | |
| 4 | Manufacturing | 8 | 11.8% | |
| 5 | Construction | 7 | 10.3% | |
| 6 | Real Estate and Rental and Leasing | 6 | 8.8% | |
| 7 | Agriculture, Forestry, Fishing and Hunting | 4 | 5.9% | |
| 8 | Management of Companies and Enterprises | 3 | 4.4% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 6 | 8.8% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 5 | 7.4% | |
| 3 | Lessors of Real EstateNAICS 5311 | 4 | 5.9% | |
| 4 | Management of Companies and EnterprisesNAICS 5511 | 3 | 4.4% | |
| 5 | Outpatient Care CentersNAICS 6214 | 3 | 4.4% | |
| 6 | Clothing and Clothing Accessories RetailersNAICS 4581 | 3 | 4.4% | |
| 7 | Other Miscellaneous RetailersNAICS 4599 | 3 | 4.4% | |
| 8 | Building Finishing ContractorsNAICS 2383 | 3 | 4.4% | |
| 9 | Other Miscellaneous ManufacturingNAICS 3399 | 3 | 4.4% | |
| 10 | Support Activities for Crop ProductionNAICS 1151 | 2 | 2.9% |
Approval sizes
- $50,000 or less44.1%30
- $50,001 to $150,00036.8%25
- $150,001 to $350,0007.4%5
- $350,001 to $1 million10.3%7
- $1 million to $2 million1.5%1
Loan terms
- 5 years or less22.1%15
- Over 5 to 10 years67.6%46
- Over 10 to 20 years8.8%6
- Over 20 years1.5%1
Age of the businesses
- Existing, more than 2 years old57.4%39
- New business, 2 years or less17.6%12
- Startup, loan funds will open the business25.0%17
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 66 | 97.1% | |
| 2 | 7a General | 1 | 1.5% | |
| 3 | Working Capital CAPLine | 1 | 1.5% |
Franchise share
3 of 68 approvals in FY2021–FY2025 (4.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Nautical Bowls | 1 | 1.5% | |
| 2 | Subway | 1 | 1.5% | |
| 3 | Slumberland Furniture | 1 | 1.5% |
Questions and answers
How many SBA loans does Citizens Bank & Trust Co make?
SBA approved 13 7(a) loans through Citizens Bank & Trust Co in FY2025, worth $557K, and 68 over FY2021 to FY2025. That ranks 420th of 2,184 active 7(a) lenders by number of approvals.
How large are Citizens Bank & Trust Co's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $85K and the average $158K. The program-wide median was $190K.
What is Citizens Bank & Trust Co's charge-off rate?
Of 132 disbursed loans approved in FY2010 to FY2021, SBA records 2 as charged off (1.5%), 106 as paid in full and 24 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 Citizens Bank & Trust Co lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (6); offices of other health practitioners (5); lessors of real estate (4); management of companies and enterprises (3).
Where does Citizens Bank & Trust Co make SBA loans?
In 1 state or territory. Minnesota 68. In Minnesota it accounts for 0.8% of all 7(a) approvals.
Is Citizens Bank & Trust Co's SBA lending rising?
Approvals in the three latest complete fiscal years total 31, against 52 in the three before: falling (-40%).
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