Lenders › Highland Bank
7(a) lenderSt. Paul, MinnesotaFDIC-insured bank234th of 2,184 by approvals
Highland 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.
Highland Bank, based in St. Paul, Minnesota, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 157 of its 7(a) loans worth $56.4M in FY2021 to FY2025, which places it 234th of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 19 approvals totalling $14.2M, down 32% on FY2024 (28). FY2026 to 30 Jun 2026 adds 18 more.
The median approval was $150K, against $190K for the 7(a) program as a whole; 54.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 4 states and territories and 19 counties, led by Minnesota (96.8%), Wisconsin (1.9%) and Illinois (0.6%). The largest industry group was manufacturing at 19.1% of approvals, and 3.8% of approvals were to franchise businesses.
Of 385 disbursed loans approved in FY2010 to FY2021, SBA records 19 as charged off (4.9%), 349 as paid in full and 17 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* | 18 | $3.0M | $45K | $165K | 90 |
| FY2025 | 19 | $14.2M | $285K | $748K | 335 |
| FY2024 | 28 | $7.8M | $175K | $278K | 461 |
| FY2023 | 50 | $14.7M | $175K | $294K | 627 |
| FY2022 | 31 | $8.7M | $120K | $280K | 529 |
| FY2021 | 29 | $10.9M | $100K | $377K | 479 |
| FY2020 | 23 | $6.9M | $150K | $300K | 412 |
| FY2019 | 29 | $7.0M | $100K | $241K | 560 |
| FY2018 | 38 | $16.4M | $50K | $433K | 523 |
| FY2017 | 38 | $12.0M | $150K | $317K | 995 |
| FY2016 | 56 | $9.8M | $52K | $175K | 1,157 |
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 184 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 | 427 | 18,934 | 639,905 |
| Cancelled or never disbursed | 42 | 2,040 | 79,313 |
| Disbursed loans | 385 | 16,894 | 560,592 |
| Paid in full | 349 | 13,664 | 435,813 |
| Charged off | 19 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 17 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 4.9% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.9% | 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 | 27 | 19 | 1 | — | 2.8% |
| FY2020 | 21 | 21 | 0 | — | 4.0% |
| FY2019 | 27 | 26 | 0 | — | 6.7% |
| FY2018 | 34 | 29 | 3 | 8.8% | 7.9% |
| FY2017 | 37 | 30 | 1 | 2.7% | 7.7% |
| FY2016 | 49 | 45 | 3 | 6.1% | 7.2% |
| FY2015 | 58 | 55 | 3 | 5.2% | 6.9% |
| FY2014 | 31 | 28 | 3 | 9.7% | 6.4% |
| FY2013 | 26 | 23 | 3 | — | 6.0% |
| FY2012 | 40 | 40 | 0 | 0.0% | 6.3% |
| FY2011 | 19 | 18 | 1 | — | 6.9% |
| FY2010 | 16 | 15 | 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 | $150K | $190K |
| Average approval | $359K | $518K |
| Approvals of $150,000 or less | 54.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 30.6% | 34.3% |
| Approvals to franchise businesses | 3.8% | 11.5% |
| Jobs supported per approval, as reported | 15.5 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.9% | 6.6% |
States served
| # | State of the business (4 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 152 | $50.5M | 96.8% | |
| 2 | Wisconsin | 3 | $470K | 1.9% | |
| 3 | Illinois | 1 | — | 0.6% | |
| 4 | North Carolina | 1 | — | 0.6% |
In Minnesota the lender accounts for 1.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (19 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hennepin County, MN | 70 | $18.0M | 44.6% | |
| 2 | Ramsey County, MN | 19 | $5.5M | 12.1% | |
| 3 | Dakota County, MN | 16 | $7.5M | 10.2% | |
| 4 | Scott County, MN | 9 | $1.8M | 5.7% | |
| 5 | Anoka County, MN | 7 | $2.9M | 4.5% | |
| 6 | Wright County, MN | 7 | $385K | 4.5% | |
| 7 | Washington County, MN | 6 | $2.2M | 3.8% | |
| 8 | Rice County, MN | 5 | $4.5M | 3.2% | |
| 9 | Carver County, MN | 5 | $2.0M | 3.2% | |
| 10 | Hubbard County, MN | 2 | — | 1.3% | |
| 11 | Stearns County, MN | 2 | — | 1.3% | |
| 12 | Burnett County, WI | 2 | — | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Manufacturing | 30 | 19.1% | |
| 2 | Professional, Scientific, and Technical Services | 30 | 19.1% | |
| 3 | Construction | 22 | 14.0% | |
| 4 | Retail Trade | 16 | 10.2% | |
| 5 | Other Services (except Public Administration) | 11 | 7.0% | |
| 6 | Wholesale Trade | 8 | 5.1% | |
| 7 | Health Care and Social Assistance | 6 | 3.8% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 5 | 3.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 9 | 5.7% | |
| 2 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 9 | 5.7% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 7 | 4.5% | |
| 4 | Personal Care ServicesNAICS 8121 | 7 | 4.5% | |
| 5 | Advertising, Public Relations, and Related ServicesNAICS 5418 | 6 | 3.8% | |
| 6 | Printing and Related Support ActivitiesNAICS 3231 | 5 | 3.2% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 5 | 3.2% | |
| 8 | Restaurants and Other Eating PlacesNAICS 7225 | 5 | 3.2% | |
| 9 | Specialty Food StoresNAICS 4452 | 5 | 3.2% | |
| 10 | Residential Building ConstructionNAICS 2361 | 5 | 3.2% |
Approval sizes
- $50,000 or less25.5%40
- $50,001 to $150,00028.7%45
- $150,001 to $350,00017.8%28
- $350,001 to $1 million23.6%37
- $1 million to $2 million1.3%2
- Over $2 million3.2%5
Loan terms
- 5 years or less56.1%88
- Over 5 to 10 years36.3%57
- Over 10 to 20 years1.9%3
- Over 20 years5.7%9
Age of the businesses
- Existing, more than 2 years old64.3%101
- New business, 2 years or less22.9%36
- Startup, loan funds will open the business7.6%12
- Change of ownership5.1%8
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 92 | 58.6% | |
| 2 | Preferred Lenders Program | 57 | 36.3% | |
| 3 | 7a General | 8 | 5.1% |
Franchise share
6 of 157 approvals in FY2021–FY2025 (3.8%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Mr. Electric | 2 | 1.3% | |
| 2 | Crdn | 2 | 1.3% | |
| 3 | Face Foundrie | 1 | 0.6% | |
| 4 | Real Property Management | 1 | 0.6% |
Questions and answers
How many SBA loans does Highland Bank make?
SBA approved 19 7(a) loans through Highland Bank in FY2025, worth $14.2M, and 157 over FY2021 to FY2025. That ranks 234th of 2,184 active 7(a) lenders by number of approvals.
How large are Highland Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $150K and the average $359K. The program-wide median was $190K.
What is Highland Bank's charge-off rate?
Of 385 disbursed loans approved in FY2010 to FY2021, SBA records 19 as charged off (4.9%), 349 as paid in full and 17 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 Highland Bank lend to most?
By number of approvals in FY2021 to FY2025: machine shops; turned product; and screw, nut, and bolt manufacturing (9); management, scientific, and technical consulting services (9); building equipment contractors (7); personal care services (7).
Where does Highland Bank make SBA loans?
In 4 states and territories. Minnesota 152, Wisconsin 3, Illinois 1, North Carolina 1. In Minnesota it accounts for 1.9% of all 7(a) approvals.
Is Highland Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 97, against 83 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