Lenders › Sunrise Banks National Association
7(a) lenderSaint Paul, MinnesotaFDIC-insured bank245th of 2,184 by approvals
Sunrise Banks National Association
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.
Sunrise Banks National Association (Saint Paul, Minnesota) is an FDIC-insured bank in the SBA 7(a) program, 245th of 2,184 by approvals in FY2021 to FY2025: 146 loans worth $54.4M.
In FY2025, the latest complete fiscal year, it had 25 approvals totalling $13.3M, down 17% on FY2024 (30). FY2026 to 30 Jun 2026 adds 23 more.
The median approval was $145K, against $190K for the 7(a) program as a whole; 53.4% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 5 states and territories and 14 counties, led by Minnesota (96.6%), Wisconsin (1.4%) and California (0.7%). The largest industry group was accommodation and food services at 32.9% of approvals, and 7.5% of approvals were to franchise businesses.
Of 416 disbursed loans approved in FY2010 to FY2021, SBA records 13 as charged off (3.1%), 337 as paid in full and 66 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* | 23 | $17.9M | $450K | $777K | 1,295 |
| FY2025 | 25 | $13.3M | $175K | $532K | 563 |
| FY2024 | 30 | $5.2M | $93K | $172K | 494 |
| FY2023 | 20 | $5.2M | $146K | $258K | 287 |
| FY2022 | 30 | $10.4M | $143K | $346K | 926 |
| FY2021 | 41 | $20.4M | $120K | $497K | 1,189 |
| FY2020 | 47 | $13.1M | $150K | $280K | 1,498 |
| FY2019 | 50 | $13.3M | $166K | $265K | 593 |
| FY2018 | 61 | $11.3M | $125K | $185K | 472 |
| FY2017 | 49 | $13.5M | $125K | $275K | 845 |
| FY2016 | 30 | $7.4M | $150K | $246K | 531 |
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 237 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 | 519 | 18,934 | 639,905 |
| Cancelled or never disbursed | 103 | 2,040 | 79,313 |
| Disbursed loans | 416 | 16,894 | 560,592 |
| Paid in full | 337 | 13,664 | 435,813 |
| Charged off | 13 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 66 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 3.1% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.2% | 2.4% | 2.5% |
| Dollars charged off | $2.7M | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 26 | 12 | 0 | — | 2.8% |
| FY2020 | 38 | 18 | 2 | 5.3% | 4.0% |
| FY2019 | 34 | 23 | 0 | 0.0% | 6.7% |
| FY2018 | 53 | 42 | 0 | 0.0% | 7.9% |
| FY2017 | 37 | 27 | 1 | 2.7% | 7.7% |
| FY2016 | 27 | 23 | 1 | — | 7.2% |
| FY2015 | 34 | 33 | 1 | 2.9% | 6.9% |
| FY2014 | 29 | 29 | 0 | — | 6.4% |
| FY2013 | 27 | 26 | 1 | — | 6.0% |
| FY2012 | 24 | 23 | 1 | — | 6.3% |
| FY2011 | 50 | 49 | 1 | 2.0% | 6.9% |
| FY2010 | 37 | 32 | 5 | 13.5% | 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 | $145K | $190K |
| Average approval | $372K | $518K |
| Approvals of $150,000 or less | 53.4% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 58.2% | 34.3% |
| Approvals to franchise businesses | 7.5% | 11.5% |
| Jobs supported per approval, as reported | 23.7 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 3.1% | 6.6% |
States served
| # | State of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 141 | $49.7M | 96.6% | |
| 2 | Wisconsin | 2 | — | 1.4% | |
| 3 | California | 1 | — | 0.7% | |
| 4 | South Dakota | 1 | — | 0.7% | |
| 5 | Illinois | 1 | — | 0.7% |
In Minnesota the lender accounts for 1.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (14 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hennepin County, MN | 87 | $24.6M | 59.6% | |
| 2 | Ramsey County, MN | 29 | $16.0M | 19.9% | |
| 3 | Dakota County, MN | 9 | $5.5M | 6.2% | |
| 4 | Anoka County, MN | 4 | $918K | 2.7% | |
| 5 | Scott County, MN | 3 | $1.1M | 2.1% | |
| 6 | St. Croix County, WI | 2 | — | 1.4% | |
| 7 | Washington County, MN | 2 | — | 1.4% | |
| 8 | Lyon County, MN | 2 | — | 1.4% | |
| 9 | Rice County, MN | 2 | — | 1.4% | |
| 10 | Goodhue County, MN | 2 | — | 1.4% | |
| 11 | San Mateo County, CA | 1 | — | 0.7% | |
| 12 | Lincoln County, SD | 1 | — | 0.7% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accommodation and Food Services | 48 | 32.9% | |
| 2 | Retail Trade | 32 | 21.9% | |
| 3 | Other Services (except Public Administration) | 16 | 11.0% | |
| 4 | Health Care and Social Assistance | 12 | 8.2% | |
| 5 | Professional, Scientific, and Technical Services | 10 | 6.8% | |
| 6 | Manufacturing | 10 | 6.8% | |
| 7 | Construction | 6 | 4.1% | |
| 8 | Arts, Entertainment, and Recreation | 3 | 2.1% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 42 | 28.8% | |
| 2 | Personal Care ServicesNAICS 8121 | 8 | 5.5% | |
| 3 | Offices of Other Health PractitionersNAICS 6213 | 7 | 4.8% | |
| 4 | Beverage ManufacturingNAICS 3121 | 6 | 4.1% | |
| 5 | Other Personal ServicesNAICS 8129 | 6 | 4.1% | |
| 6 | Architectural, Engineering, and Related ServicesNAICS 5413 | 5 | 3.4% | |
| 7 | Warehouse Clubs, Supercenters, and Other General Merchandise RetailersNAICS 4552 | 4 | 2.7% | |
| 8 | Sporting Goods, Hobby, and Musical Instrument RetailersNAICS 4591 | 4 | 2.7% | |
| 9 | Office Supplies, Stationery, and Gift StoresNAICS 4532 | 3 | 2.1% | |
| 10 | Drinking Places (Alcoholic Beverages)NAICS 7224 | 3 | 2.1% |
Approval sizes
- $50,000 or less28.1%41
- $50,001 to $150,00025.3%37
- $150,001 to $350,00020.5%30
- $350,001 to $1 million17.1%25
- $1 million to $2 million6.2%9
- Over $2 million2.7%4
Loan terms
- 5 years or less1.4%2
- Over 5 to 10 years93.2%136
- Over 10 to 20 years0.7%1
- Over 20 years4.8%7
Age of the businesses
- Existing, more than 2 years old38.4%56
- New business, 2 years or less13.7%20
- Startup, loan funds will open the business44.5%65
- Change of ownership3.4%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 103 | 70.5% | |
| 2 | SBA Express Program | 38 | 26.0% | |
| 3 | 7a General | 4 | 2.7% | |
| 4 | Working Capital CAPLine | 1 | 0.7% |
Franchise share
11 of 146 approvals in FY2021–FY2025 (7.5%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Clothes Mentor | 4 | 2.7% | |
| 2 | Central Bark Doggy Day Care | 2 | 1.4% | |
| 3 | Mosquito Joe | 2 | 1.4% | |
| 4 | Planet Smoothie | 1 | 0.7% | |
| 5 | bb.q Chicken | 1 | 0.7% | |
| 6 | Dunn Brothers Coffee | 1 | 0.7% |
Questions and answers
How many SBA loans does Sunrise Banks National Association make?
SBA approved 25 7(a) loans through Sunrise Banks National Association in FY2025, worth $13.3M, and 146 over FY2021 to FY2025. That ranks 245th of 2,184 active 7(a) lenders by number of approvals.
How large are Sunrise Banks National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $145K and the average $372K. The program-wide median was $190K.
What is Sunrise Banks National Association's charge-off rate?
Of 416 disbursed loans approved in FY2010 to FY2021, SBA records 13 as charged off (3.1%), 337 as paid in full and 66 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 Sunrise Banks National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (42); personal care services (8); offices of other health practitioners (7); beverage manufacturing (6).
Where does Sunrise Banks National Association make SBA loans?
In 5 states and territories. Minnesota 141, Wisconsin 2, California 1, South Dakota 1, Illinois 1. In Minnesota it accounts for 1.7% of all 7(a) approvals.
Is Sunrise Banks National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 75, against 118 in the three before: falling (-36%).
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