Lenders › Frandsen Bank and Trust
7(a) lenderArden Hills, MinnesotaFDIC-insured bank148th of 2,184 by approvals
Frandsen Bank and Trust
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.
Frandsen Bank and Trust, based in Arden Hills, Minnesota, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 256 of its 7(a) loans worth $147M in FY2021 to FY2025, which places it 148th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 59 approvals totalling $30.5M, up 28% on FY2024 (46). FY2026 to 30 Jun 2026 adds 37 more.
The median approval was $344K, against $190K for the 7(a) program as a whole; 21.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 47 counties, led by Minnesota (86.3%), Wisconsin (10.2%) and North Dakota (3.5%). The largest industry group was other services (except public administration) at 14.1% of approvals, and 9.8% of approvals were to franchise businesses.
Of 313 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (1.0%), 234 as paid in full and 76 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* | 37 | $19.9M | $487K | $538K | 514 |
| FY2025 | 59 | $30.5M | $307K | $518K | 838 |
| FY2024 | 46 | $27.2M | $330K | $591K | 706 |
| FY2023 | 57 | $33.5M | $353K | $588K | 699 |
| FY2022 | 41 | $26.2M | $423K | $638K | 817 |
| FY2021 | 53 | $29.7M | $332K | $561K | 569 |
| FY2020 | 45 | $17.3M | $282K | $385K | 421 |
| FY2019 | 28 | $8.5M | $172K | $304K | 393 |
| FY2018 | 45 | $10.0M | $114K | $223K | 525 |
| FY2017 | 36 | $8.7M | $137K | $242K | 289 |
| FY2016 | 19 | $3.1M | $134K | $165K | 251 |
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 173 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 | 346 | 18,934 | 639,905 |
| Cancelled or never disbursed | 33 | 2,040 | 79,313 |
| Disbursed loans | 313 | 16,894 | 560,592 |
| Paid in full | 234 | 13,664 | 435,813 |
| Charged off | 3 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 76 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 1.0% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.7% | 2.4% | 2.5% |
| Dollars charged off | $1.7M | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 49 | 20 | 0 | 0.0% | 2.8% |
| FY2020 | 45 | 27 | 1 | 2.2% | 4.0% |
| FY2019 | 27 | 19 | 0 | — | 6.7% |
| FY2018 | 44 | 36 | 0 | 0.0% | 7.9% |
| FY2017 | 34 | 29 | 0 | 0.0% | 7.7% |
| FY2016 | 18 | 16 | 0 | — | 7.2% |
| FY2015 | 22 | 21 | 0 | — | 6.9% |
| FY2014 | 8 | 8 | 0 | — | 6.4% |
| FY2013 | 15 | 14 | 0 | — | 6.0% |
| FY2012 | 14 | 13 | 1 | — | 6.3% |
| FY2011 | 16 | 11 | 0 | — | 6.9% |
| FY2010 | 21 | 20 | 1 | — | 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 | $344K | $190K |
| Average approval | $575K | $518K |
| Approvals of $150,000 or less | 21.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 29.3% | 34.3% |
| Approvals to franchise businesses | 9.8% | 11.5% |
| Jobs supported per approval, as reported | 14.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 1.0% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 221 | $126M | 86.3% | |
| 2 | Wisconsin | 26 | $11.5M | 10.2% | |
| 3 | North Dakota | 9 | $10.1M | 3.5% |
In Minnesota the lender accounts for 2.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (47 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | St. Louis County, MN | 29 | $19.2M | 11.3% | |
| 2 | Hennepin County, MN | 26 | $21.3M | 10.2% | |
| 3 | Dakota County, MN | 26 | $13.9M | 10.2% | |
| 4 | Ramsey County, MN | 19 | $10.3M | 7.4% | |
| 5 | Carlton County, MN | 12 | $8.3M | 4.7% | |
| 6 | Anoka County, MN | 12 | $5.1M | 4.7% | |
| 7 | Sawyer County, WI | 11 | $3.4M | 4.3% | |
| 8 | Scott County, MN | 9 | $5.3M | 3.5% | |
| 9 | Carver County, MN | 7 | $2.6M | 2.7% | |
| 10 | Stearns County, MN | 7 | $1.7M | 2.7% | |
| 11 | Polk County, WI | 6 | $4.7M | 2.3% | |
| 12 | Grand Forks County, ND | 6 | $4.2M | 2.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Other Services (except Public Administration) | 36 | 14.1% | |
| 2 | Manufacturing | 34 | 13.3% | |
| 3 | Health Care and Social Assistance | 30 | 11.7% | |
| 4 | Accommodation and Food Services | 28 | 10.9% | |
| 5 | Construction | 27 | 10.5% | |
| 6 | Retail Trade | 26 | 10.2% | |
| 7 | Wholesale Trade | 15 | 5.9% | |
| 8 | Professional, Scientific, and Technical Services | 15 | 5.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 22 | 8.6% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 14 | 5.5% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 11 | 4.3% | |
| 4 | Drycleaning and Laundry ServicesNAICS 8123 | 10 | 3.9% | |
| 5 | Automotive Repair and MaintenanceNAICS 8111 | 10 | 3.9% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 9 | 3.5% | |
| 7 | Other Amusement and Recreation IndustriesNAICS 7139 | 8 | 3.1% | |
| 8 | Beverage ManufacturingNAICS 3121 | 7 | 2.7% | |
| 9 | Miscellaneous Durable Goods Merchant WholesalersNAICS 4239 | 6 | 2.3% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 6 | 2.3% |
Approval sizes
- $50,000 or less5.5%14
- $50,001 to $150,00016.4%42
- $150,001 to $350,00030.1%77
- $350,001 to $1 million34.4%88
- $1 million to $2 million10.2%26
- Over $2 million3.5%9
Loan terms
- 5 years or less1.2%3
- Over 5 to 10 years68.4%175
- Over 10 to 20 years20.3%52
- Over 20 years10.2%26
Age of the businesses
- Existing, more than 2 years old44.9%115
- New business, 2 years or less11.3%29
- Startup, loan funds will open the business18.0%46
- Change of ownership25.8%66
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 207 | 80.9% | |
| 2 | SBA Express Program | 39 | 15.2% | |
| 3 | 7a General | 10 | 3.9% |
Franchise share
25 of 256 approvals in FY2021–FY2025 (9.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Jersey Mike’s Subs | 6 | 2.3% | |
| 2 | Spavia | 2 | 0.8% | |
| 3 | Scooter's Coffee | 2 | 0.8% | |
| 4 | H&R Block | 2 | 0.8% | |
| 5 | Mosquito Shield | 2 | 0.8% | |
| 6 | Famous Dave's | 1 | 0.4% | |
| 7 | Casa De Corazón | 1 | 0.4% | |
| 8 | AlphaGraphics | 1 | 0.4% |
Questions and answers
How many SBA loans does Frandsen Bank and Trust make?
SBA approved 59 7(a) loans through Frandsen Bank and Trust in FY2025, worth $30.5M, and 256 over FY2021 to FY2025. That ranks 148th of 2,184 active 7(a) lenders by number of approvals.
How large are Frandsen Bank and Trust's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $344K and the average $575K. The program-wide median was $190K.
What is Frandsen Bank and Trust's charge-off rate?
Of 313 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (1.0%), 234 as paid in full and 76 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 Frandsen Bank and Trust lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (22); offices of other health practitioners (14); building equipment contractors (11); drycleaning and laundry services (10).
Where does Frandsen Bank and Trust make SBA loans?
In 3 states and territories. Minnesota 221, Wisconsin 26, North Dakota 9. In Minnesota it accounts for 2.7% of all 7(a) approvals.
Is Frandsen Bank and Trust's SBA lending rising?
Approvals in the three latest complete fiscal years total 162, against 139 in the three before: rising (+17%).
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