Lenders › CRF Small Business Loan Company, LLC
7(a) lenderMinneapolis, Minnesotanon-bank 7(a) lender178th of 2,184 by approvals
CRF Small Business Loan Company, LLC
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.
CRF Small Business Loan Company, LLC (Minneapolis, Minnesota) is a non-bank 7(a) lender in the SBA 7(a) program, 178th of 2,184 by approvals in FY2021 to FY2025: 214 loans worth $136M.
In FY2025, the latest complete fiscal year, it had 46 approvals totalling $28.7M, down 13% on FY2024 (53). FY2026 to 30 Jun 2026 adds 37 more.
The median approval was $381K, against $190K for the 7(a) program as a whole; 6.5% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 32 states and territories and 118 counties, led by Florida (18.2%), California (11.2%) and Illinois (8.4%). The largest industry group was accommodation and food services at 22.0% of approvals, and 21.0% of approvals were to franchise businesses.
Of 591 disbursed loans approved in FY2010 to FY2021, SBA records 52 as charged off (8.8%), 374 as paid in full and 165 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 37 | $18.0M | $349K | $486K | 589 |
| FY2025 | 46 | $28.7M | $426K | $624K | 823 |
| FY2024 | 53 | $42.8M | $440K | $808K | 1,261 |
| FY2023 | 30 | $15.1M | $349K | $503K | 663 |
| FY2022 | 39 | $25.8M | $350K | $661K | 640 |
| FY2021 | 46 | $24.0M | $359K | $521K | 607 |
| FY2020 | 63 | $45.8M | $350K | $726K | 1,560 |
| FY2019 | 55 | $29.8M | $350K | $542K | 706 |
| FY2018 | 56 | $30.0M | $320K | $536K | 772 |
| FY2017 | 86 | $36.9M | $302K | $430K | 969 |
| FY2016 | 68 | $33.4M | $267K | $491K | 841 |
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 328 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 | Florida | 7(a) program |
|---|---|---|---|
| Approvals in these years | 641 | 31,863 | 639,905 |
| Cancelled or never disbursed | 50 | 3,596 | 79,313 |
| Disbursed loans | 591 | 28,267 | 560,592 |
| Paid in full | 374 | 20,064 | 435,813 |
| Charged off | 52 | 2,783 | 36,891 |
| Still outstanding (status exempt from disclosure) | 165 | 5,420 | 87,888 |
| Charged off, share of disbursed loans | 8.8% | 9.8% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.3% | 3.1% | 2.5% |
| Dollars charged off | $13.3M | $442M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 41 | 19 | 3 | 7.3% | 2.8% |
| FY2020 | 56 | 17 | 3 | 5.4% | 4.0% |
| FY2019 | 46 | 18 | 5 | 10.9% | 6.7% |
| FY2018 | 54 | 30 | 3 | 5.6% | 7.9% |
| FY2017 | 77 | 39 | 13 | 16.9% | 7.7% |
| FY2016 | 67 | 50 | 2 | 3.0% | 7.2% |
| FY2015 | 83 | 64 | 9 | 10.8% | 6.9% |
| FY2014 | 88 | 65 | 11 | 12.5% | 6.4% |
| FY2013 | 57 | 50 | 3 | 5.3% | 6.0% |
| FY2012 | 21 | 21 | 0 | — | 6.3% |
| FY2011 | 0 | 0 | 0 | — | 6.9% |
| FY2010 | 1 | 1 | 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 | $381K | $190K |
| Average approval | $637K | $518K |
| Approvals of $150,000 or less | 6.5% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 42.5% | 34.3% |
| Approvals to franchise businesses | 21.0% | 11.5% |
| Jobs supported per approval, as reported | 18.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 8.8% | 6.6% |
States served
| # | State of the business (32 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Florida | 39 | $31.5M | 18.2% | |
| 2 | California | 24 | $10.8M | 11.2% | |
| 3 | Illinois | 18 | $10.6M | 8.4% | |
| 4 | Minnesota | 18 | $8.5M | 8.4% | |
| 5 | Nevada | 15 | $5.7M | 7.0% | |
| 6 | Georgia | 13 | $17.4M | 6.1% | |
| 7 | North Carolina | 11 | $9.4M | 5.1% | |
| 8 | Texas | 10 | $8.4M | 4.7% | |
| 9 | Virginia | 7 | $2.4M | 3.3% | |
| 10 | Michigan | 5 | $2.9M | 2.3% | |
| 11 | Pennsylvania | 5 | $1.8M | 2.3% | |
| 12 | Arizona | 4 | $2.4M | 1.9% |
In Florida the lender accounts for 0.2% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (118 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Cook County, IL | 16 | $10.2M | 7.5% | |
| 2 | Clark County, NV | 14 | $5.5M | 6.5% | |
| 3 | Hennepin County, MN | 11 | $5.4M | 5.1% | |
| 4 | Los Angeles County, CA | 8 | $3.7M | 3.7% | |
| 5 | Orange County, CA | 6 | $3.7M | 2.8% | |
| 6 | Gwinnett County, GA | 4 | $9.6M | 1.9% | |
| 7 | Tarrant County, TX | 4 | $5.8M | 1.9% | |
| 8 | Pinellas County, FL | 4 | $2.8M | 1.9% | |
| 9 | Volusia County, FL | 4 | $1.9M | 1.9% | |
| 10 | San Diego County, CA | 4 | $1.5M | 1.9% | |
| 11 | Maricopa County, AZ | 3 | $2.1M | 1.4% | |
| 12 | St. Johns County, FL | 3 | $1.9M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 47 | 22.0% | |
| 2 | Health Care and Social Assistance | 29 | 13.6% | |
| 3 | Construction | 22 | 10.3% | |
| 4 | Other Services (except Public Administration) | 21 | 9.8% | |
| 5 | Retail Trade | 17 | 7.9% | |
| 6 | Manufacturing | 15 | 7.0% | |
| 7 | Professional, Scientific, and Technical Services | 14 | 6.5% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 10 | 4.7% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 46 | 21.5% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 15 | 7.0% | |
| 3 | Personal Care ServicesNAICS 8121 | 13 | 6.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 10 | 4.7% | |
| 5 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 3.3% | |
| 6 | Services to Buildings and DwellingsNAICS 5617 | 6 | 2.8% | |
| 7 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 2.8% | |
| 8 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 4 | 1.9% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 3 | 1.4% | |
| 10 | Continuing Care Retirement Communities and Assisted Living Facilities for the ElderlyNAICS 6233 | 3 | 1.4% |
Approval sizes
- $50,001 to $150,0006.5%14
- $150,001 to $350,00041.1%88
- $350,001 to $1 million38.3%82
- $1 million to $2 million9.3%20
- Over $2 million4.7%10
Loan terms
- 5 years or less0.5%1
- Over 5 to 10 years59.3%127
- Over 10 to 20 years22.4%48
- Over 20 years17.8%38
Age of the businesses
- Existing, more than 2 years old29.9%64
- New business, 2 years or less9.8%21
- Startup, loan funds will open the business32.7%70
- Change of ownership27.6%59
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 202 | 94.4% | |
| 2 | 7a General | 9 | 4.2% | |
| 3 | SBA Express Program | 3 | 1.4% |
Franchise share
45 of 214 approvals in FY2021–FY2025 (21.0%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Success On The Spectrum | 9 | 4.2% | |
| 2 | Tropical Smoothie Cafe | 2 | 0.9% | |
| 3 | Studio Pilates International | 2 | 0.9% | |
| 4 | Hungry Howie's: Hungry Howie's Pizza | 2 | 0.9% | |
| 5 | Clean Eatz | 2 | 0.9% | |
| 6 | Keke's or Keke's Breakfast Cafe | 1 | 0.5% | |
| 7 | The Good Feet Store | 1 | 0.5% | |
| 8 | SomiSomi | 1 | 0.5% |
Questions and answers
How many SBA loans does CRF Small Business Loan Company, LLC make?
SBA approved 46 7(a) loans through CRF Small Business Loan Company, LLC in FY2025, worth $28.7M, and 214 over FY2021 to FY2025. That ranks 178th of 2,184 active 7(a) lenders by number of approvals.
How large are CRF Small Business Loan Company, LLC's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $381K and the average $637K. The program-wide median was $190K.
What is CRF Small Business Loan Company, LLC's charge-off rate?
Of 591 disbursed loans approved in FY2010 to FY2021, SBA records 52 as charged off (8.8%), 374 as paid in full and 165 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 CRF Small Business Loan Company, LLC lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (46); offices of other health practitioners (15); personal care services (13); building equipment contractors (10).
Where does CRF Small Business Loan Company, LLC make SBA loans?
In 32 states and territories. Florida 39, California 24, Illinois 18, Minnesota 18, Nevada 15. In Florida it accounts for 0.2% of all 7(a) approvals.
Is CRF Small Business Loan Company, LLC's SBA lending rising?
Approvals in the three latest complete fiscal years total 129, against 148 in the three before: falling (-13%).
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