Lenders › U.S. Bank, National Association
7(a) lenderCincinnati, OhioFDIC-insured bank3rd of 2,184 by approvals
U.S. Bank, 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.
In FY2021 to FY2025 SBA approved 12,797 7(a) loans, worth $3.23bn, through U.S. Bank, National Association of Cincinnati, Ohio, an FDIC-insured bank in the SBA 7(a) program. By number of approvals that is 3rd among 2,184 active 7(a) lenders.
In FY2025, the latest complete fiscal year, it had 3,453 approvals totalling $871M, up 11% on FY2024 (3,119). FY2026 to 30 Jun 2026 adds 2,207 more.
The median approval was $45K, against $190K for the 7(a) program as a whole; 75.9% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 49 states and territories and 943 counties, led by California (32.9%), Minnesota (7.3%) and Illinois (5.6%). The largest industry group was construction at 23.9% of approvals, and 2.3% of approvals were to franchise businesses.
Of 24,065 disbursed loans approved in FY2010 to FY2021, SBA records 1,492 as charged off (6.2%), 20,383 as paid in full and 2,190 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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* | 2,207 | $594M | $50K | $269K | 9,772 |
| FY2025 | 3,453 | $871M | $50K | $252K | 15,985 |
| FY2024 | 3,119 | $708M | $40K | $227K | 15,855 |
| FY2023 | 2,264 | $407M | $35K | $180K | 11,259 |
| FY2022 | 2,015 | $378M | $40K | $187K | 10,114 |
| FY2021 | 1,946 | $866M | $55K | $445K | 13,723 |
| FY2020 | 2,868 | $592M | $40K | $206K | 14,933 |
| FY2019 | 2,868 | $569M | $35K | $199K | 16,593 |
| FY2018 | 2,382 | $486M | $35K | $204K | 15,137 |
| FY2017 | 2,157 | $594M | $50K | $276K | 16,407 |
| FY2016 | 3,332 | $893M | $50K | $268K | 24,334 |
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 13,607 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 | California | 7(a) program |
|---|---|---|---|
| Approvals in these years | 30,679 | 79,249 | 639,905 |
| Cancelled or never disbursed | 6,614 | 10,102 | 79,313 |
| Disbursed loans | 24,065 | 69,147 | 560,592 |
| Paid in full | 20,383 | 52,688 | 435,813 |
| Charged off | 1,492 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 2,190 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 6.2% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 1.7% | 1.5% | 2.5% |
| Dollars charged off | $83.0M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 1,629 | 873 | 61 | 3.7% | 2.8% |
| FY2020 | 2,211 | 1,715 | 132 | 6.0% | 4.0% |
| FY2019 | 2,290 | 1,772 | 161 | 7.0% | 6.7% |
| FY2018 | 1,991 | 1,666 | 156 | 7.8% | 7.9% |
| FY2017 | 1,623 | 1,371 | 91 | 5.6% | 7.7% |
| FY2016 | 2,426 | 2,105 | 194 | 8.0% | 7.2% |
| FY2015 | 3,268 | 2,971 | 202 | 6.2% | 6.9% |
| FY2014 | 2,780 | 2,533 | 190 | 6.8% | 6.4% |
| FY2013 | 1,942 | 1,795 | 85 | 4.4% | 6.0% |
| FY2012 | 1,285 | 1,185 | 65 | 5.1% | 6.3% |
| FY2011 | 1,308 | 1,186 | 79 | 6.0% | 6.9% |
| FY2010 | 1,312 | 1,211 | 76 | 5.8% | 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 | $45K | $190K |
| Average approval | $252K | $518K |
| Approvals of $150,000 or less | 75.9% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 33.9% | 34.3% |
| Approvals to franchise businesses | 2.3% | 11.5% |
| Jobs supported per approval, as reported | 5.2 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 6.2% | 6.6% |
States served
| # | State of the business (49 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 4,216 | $1.51bn | 32.9% | |
| 2 | Minnesota | 938 | $177M | 7.3% | |
| 3 | Illinois | 711 | $132M | 5.6% | |
| 4 | Washington | 689 | $236M | 5.4% | |
| 5 | Oregon | 666 | $124M | 5.2% | |
| 6 | Ohio | 657 | $135M | 5.1% | |
| 7 | Colorado | 598 | $98.8M | 4.7% | |
| 8 | Nevada | 498 | $87.0M | 3.9% | |
| 9 | Missouri | 469 | $71.3M | 3.7% | |
| 10 | Wisconsin | 443 | $79.4M | 3.5% | |
| 11 | Tennessee | 432 | $80.0M | 3.4% | |
| 12 | Arizona | 375 | $97.1M | 2.9% |
In California the lender accounts for 12.1% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (943 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 908 | $404M | 7.1% | |
| 2 | San Diego County, CA | 512 | $195M | 4.0% | |
| 3 | Orange County, CA | 451 | $177M | 3.5% | |
| 4 | Clark County, NV | 393 | $61.4M | 3.1% | |
| 5 | Riverside County, CA | 381 | $82.5M | 3.0% | |
| 6 | San Bernardino County, CA | 376 | $87.7M | 2.9% | |
| 7 | Cook County, IL | 357 | $61.9M | 2.8% | |
| 8 | Hennepin County, MN | 354 | $59.2M | 2.8% | |
| 9 | Maricopa County, AZ | 285 | $76.9M | 2.2% | |
| 10 | King County, WA | 246 | $97.7M | 1.9% | |
| 11 | Sacramento County, CA | 196 | $59.8M | 1.5% | |
| 12 | Alameda County, CA | 171 | $69.8M | 1.3% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 3,059 | 23.9% | |
| 2 | Other Services (except Public Administration) | 1,492 | 11.7% | |
| 3 | Professional, Scientific, and Technical Services | 1,433 | 11.2% | |
| 4 | Retail Trade | 1,357 | 10.6% | |
| 5 | Accommodation and Food Services | 976 | 7.6% | |
| 6 | Health Care and Social Assistance | 754 | 5.9% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 640 | 5.0% | |
| 8 | Transportation and Warehousing | 628 | 4.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Residential Building ConstructionNAICS 2361 | 835 | 6.5% | |
| 2 | Restaurants and Other Eating PlacesNAICS 7225 | 714 | 5.6% | |
| 3 | Building Equipment ContractorsNAICS 2382 | 655 | 5.1% | |
| 4 | Personal Care ServicesNAICS 8121 | 620 | 4.8% | |
| 5 | Building Finishing ContractorsNAICS 2383 | 564 | 4.4% | |
| 6 | Automotive Repair and MaintenanceNAICS 8111 | 555 | 4.3% | |
| 7 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 531 | 4.1% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 387 | 3.0% | |
| 9 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 385 | 3.0% | |
| 10 | Services to Buildings and DwellingsNAICS 5617 | 381 | 3.0% |
Approval sizes
- $50,000 or less65.9%8,428
- $50,001 to $150,00010.0%1,281
- $150,001 to $350,0007.3%940
- $350,001 to $1 million9.4%1,206
- $1 million to $2 million4.9%622
- Over $2 million2.5%320
Loan terms
- 5 years or less42.2%5,395
- Over 5 to 10 years44.4%5,684
- Over 10 to 20 years1.1%144
- Over 20 years12.3%1,574
Age of the businesses
- Existing, more than 2 years old64.0%8,189
- New business, 2 years or less33.5%4,285
- Startup, loan funds will open the business0.4%49
- Change of ownership2.1%270
- Not answered0.0%4
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 9,866 | 77.1% | |
| 2 | Preferred Lenders Program | 2,808 | 21.9% | |
| 3 | 7a General | 113 | 0.9% | |
| 4 | International Trade Loans | 6 | 0.0% | |
| 5 | Export Express | 4 | 0.0% |
Franchise share
300 of 12,797 approvals in FY2021–FY2025 (2.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 41 | 0.3% | |
| 2 | Kumon | 6 | 0.0% | |
| 3 | Servpro | 6 | 0.0% | |
| 4 | Subway | 6 | 0.0% | |
| 5 | Papa Murphy's Take 'N' Bake Pizza | 5 | 0.0% | |
| 6 | Little Caesars | 5 | 0.0% | |
| 7 | Round Table Pizza | 4 | 0.0% | |
| 8 | Home Instead | 3 | 0.0% |
Questions and answers
How many SBA loans does U.S. Bank, National Association make?
SBA approved 3,453 7(a) loans through U.S. Bank, National Association in FY2025, worth $871M, and 12,797 over FY2021 to FY2025. That ranks 3rd of 2,184 active 7(a) lenders by number of approvals.
How large are U.S. Bank, National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $45K and the average $252K. The program-wide median was $190K.
What is U.S. Bank, National Association's charge-off rate?
Of 24,065 disbursed loans approved in FY2010 to FY2021, SBA records 1,492 as charged off (6.2%), 20,383 as paid in full and 2,190 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is close to 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 U.S. Bank, National Association lend to most?
By number of approvals in FY2021 to FY2025: residential building construction (835); restaurants and other eating places (714); building equipment contractors (655); personal care services (620).
Where does U.S. Bank, National Association make SBA loans?
In 49 states and territories. California 4,216, Minnesota 938, Illinois 711, Washington 689, Oregon 666. In California it accounts for 12.1% of all 7(a) approvals.
Is U.S. Bank, National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 8,836, against 6,829 in the three before: rising (+29%).
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