Lenders › Falcon National Bank
7(a) lenderFoley, MinnesotaFDIC-insured bank168th of 2,184 by approvals
Falcon National Bank
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.
In FY2021 to FY2025 SBA approved 224 7(a) loans, worth $144M, through Falcon National Bank of Foley, Minnesota, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 168th among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 55 approvals totalling $32.8M, up 10% on FY2024 (50). FY2026 to 30 Jun 2026 adds 30 more.
The median approval was $400K, against $190K for the 7(a) program as a whole; 27.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 17 states and territories and 45 counties, led by Minnesota (74.1%), Pennsylvania (4.9%) and Texas (4.5%). The largest industry group was transportation and warehousing at 22.3% of approvals, and 4.9% of approvals were to franchise businesses.
Of 377 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (2.1%), 296 as paid in full and 73 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* | 30 | $24.3M | $674K | $810K | 500 |
| FY2025 | 55 | $32.8M | $437K | $596K | 1,024 |
| FY2024 | 50 | $30.2M | $400K | $604K | 719 |
| FY2023 | 33 | $20.0M | $388K | $607K | 293 |
| FY2022 | 32 | $27.2M | $371K | $851K | 383 |
| FY2021 | 54 | $33.9M | $405K | $628K | 839 |
| FY2020 | 48 | $33.4M | $366K | $696K | 859 |
| FY2019 | 40 | $19.5M | $208K | $488K | 469 |
| FY2018 | 17 | $4.4M | $131K | $259K | 184 |
| FY2017 | 18 | $2.0M | $90K | $110K | 149 |
| FY2016 | 24 | $9.6M | $134K | $399K | 307 |
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 147 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 | 398 | 18,934 | 639,905 |
| Cancelled or never disbursed | 21 | 2,040 | 79,313 |
| Disbursed loans | 377 | 16,894 | 560,592 |
| Paid in full | 296 | 13,664 | 435,813 |
| Charged off | 8 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 73 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 2.1% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.5% | 2.4% | 2.5% |
| Dollars charged off | $3.4M | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 51 | 21 | 2 | 3.9% | 2.8% |
| FY2020 | 46 | 30 | 0 | 0.0% | 4.0% |
| FY2019 | 40 | 22 | 1 | 2.5% | 6.7% |
| FY2018 | 17 | 12 | 1 | — | 7.9% |
| FY2017 | 18 | 16 | 0 | — | 7.7% |
| FY2016 | 23 | 22 | 0 | — | 7.2% |
| FY2015 | 37 | 36 | 0 | 0.0% | 6.9% |
| FY2014 | 43 | 40 | 1 | 2.3% | 6.4% |
| FY2013 | 44 | 39 | 3 | 6.8% | 6.0% |
| FY2012 | 17 | 17 | 0 | — | 6.3% |
| FY2011 | 23 | 23 | 0 | — | 6.9% |
| FY2010 | 18 | 18 | 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 | $400K | $190K |
| Average approval | $644K | $518K |
| Approvals of $150,000 or less | 27.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 37.5% | 34.3% |
| Approvals to franchise businesses | 4.9% | 11.5% |
| Jobs supported per approval, as reported | 14.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 2.1% | 6.6% |
States served
| # | State of the business (17 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 166 | $97.2M | 74.1% | |
| 2 | Pennsylvania | 11 | $7.4M | 4.9% | |
| 3 | Texas | 10 | $6.1M | 4.5% | |
| 4 | Arizona | 9 | $9.6M | 4.0% | |
| 5 | Oklahoma | 4 | $3.3M | 1.8% | |
| 6 | Georgia | 4 | $1.8M | 1.8% | |
| 7 | Massachusetts | 4 | $1.4M | 1.8% | |
| 8 | Tennessee | 3 | $7.3M | 1.3% | |
| 9 | Iowa | 3 | $3.6M | 1.3% | |
| 10 | Delaware | 3 | $1.1M | 1.3% | |
| 11 | Utah | 1 | — | 0.4% | |
| 12 | Michigan | 1 | — | 0.4% |
In Minnesota the lender accounts for 2.0% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (45 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Stearns County, MN | 48 | $24.7M | 21.4% | |
| 2 | Hennepin County, MN | 42 | $23.5M | 18.8% | |
| 3 | Anoka County, MN | 19 | $9.7M | 8.5% | |
| 4 | Benton County, MN | 15 | $8.9M | 6.7% | |
| 5 | Maricopa County, AZ | 8 | $7.8M | 3.6% | |
| 6 | Chester County, PA | 7 | $4.3M | 3.1% | |
| 7 | Dakota County, MN | 6 | $5.0M | 2.7% | |
| 8 | Ramsey County, MN | 5 | $3.8M | 2.2% | |
| 9 | Clay County, MN | 4 | $5.4M | 1.8% | |
| 10 | Oklahoma County, OK | 4 | $3.3M | 1.8% | |
| 11 | Montgomery County, PA | 4 | $3.2M | 1.8% | |
| 12 | Sherburne County, MN | 4 | $2.7M | 1.8% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Transportation and Warehousing | 50 | 22.3% | |
| 2 | Retail Trade | 36 | 16.1% | |
| 3 | Construction | 23 | 10.3% | |
| 4 | Manufacturing | 21 | 9.4% | |
| 5 | Accommodation and Food Services | 18 | 8.0% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 18 | 8.0% | |
| 7 | Professional, Scientific, and Technical Services | 15 | 6.7% | |
| 8 | Health Care and Social Assistance | 10 | 4.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Couriers and Express Delivery ServicesNAICS 4921 | 37 | 16.5% | |
| 2 | Building Equipment ContractorsNAICS 2382 | 15 | 6.7% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 14 | 6.3% | |
| 4 | Beer, Wine, and Liquor StoresNAICS 4453 | 13 | 5.8% | |
| 5 | Services to Buildings and DwellingsNAICS 5617 | 12 | 5.4% | |
| 6 | General Freight TruckingNAICS 4841 | 9 | 4.0% | |
| 7 | Building Material and Supplies DealersNAICS 4441 | 9 | 4.0% | |
| 8 | Architectural, Engineering, and Related ServicesNAICS 5413 | 7 | 3.1% | |
| 9 | Other Amusement and Recreation IndustriesNAICS 7139 | 7 | 3.1% | |
| 10 | Remediation and Other Waste Management ServicesNAICS 5629 | 5 | 2.2% |
Approval sizes
- $50,000 or less6.7%15
- $50,001 to $150,00020.5%46
- $150,001 to $350,00017.4%39
- $350,001 to $1 million33.9%76
- $1 million to $2 million15.2%34
- Over $2 million6.3%14
Loan terms
- 5 years or less1.3%3
- Over 5 to 10 years75.9%170
- Over 10 to 20 years8.5%19
- Over 20 years14.3%32
Age of the businesses
- Existing, more than 2 years old35.7%80
- New business, 2 years or less23.7%53
- Startup, loan funds will open the business13.8%31
- Change of ownership26.8%60
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 148 | 66.1% | |
| 2 | SBA Express Program | 69 | 30.8% | |
| 3 | 7a General | 7 | 3.1% |
Franchise share
11 of 224 approvals in FY2021–FY2025 (4.9%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Gina Maria's Pizza | 4 | 1.8% | |
| 2 | Roto-Rooter | 3 | 1.3% | |
| 3 | MGM Wine & Spirits | 1 | 0.4% | |
| 4 | Once Upon A Child | 1 | 0.4% | |
| 5 | School of Rock | 1 | 0.4% | |
| 6 | Sir Speedy | 1 | 0.4% |
Questions and answers
How many SBA loans does Falcon National Bank make?
SBA approved 55 7(a) loans through Falcon National Bank in FY2025, worth $32.8M, and 224 over FY2021 to FY2025. That ranks 168th of 2,184 active 7(a) lenders by number of approvals.
How large are Falcon National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $400K and the average $644K. The program-wide median was $190K.
What is Falcon National Bank's charge-off rate?
Of 377 disbursed loans approved in FY2010 to FY2021, SBA records 8 as charged off (2.1%), 296 as paid in full and 73 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 Falcon National Bank lend to most?
By number of approvals in FY2021 to FY2025: couriers and express delivery services (37); building equipment contractors (15); restaurants and other eating places (14); beer, wine, and liquor stores (13).
Where does Falcon National Bank make SBA loans?
In 17 states and territories. Minnesota 166, Pennsylvania 11, Texas 10, Arizona 9, Oklahoma 4. In Minnesota it accounts for 2.0% of all 7(a) approvals.
Is Falcon National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 138, against 134 in the three before: broadly level (+3%).
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