Lenders › Village Bank
7(a) lenderSaint Francis, MinnesotaFDIC-insured bank287th of 2,184 by approvals
Village 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.
Village Bank (Saint Francis, Minnesota) is an FDIC-insured bank in the SBA 7(a) program, 287th of 2,184 by approvals in FY2021 to FY2025: 115 loans worth $86.9M.
In FY2025, the latest complete fiscal year, it had 2 approvals totalling —, down 83% on FY2024 (12). FY2026 to 30 Jun 2026 adds 3 more.
The median approval was $446K, against $190K for the 7(a) program as a whole; 14.8% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 3 states and territories and 22 counties, led by Minnesota (93.9%), Wisconsin (5.2%) and Florida (0.9%). The largest industry group was retail trade at 19.1% of approvals, and 10.4% of approvals were to franchise businesses.
Of 128 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (5.5%), 80 as paid in full and 41 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* | 3 | $632K | $250K | $211K | 23 |
| FY2025 | 2 | — | — | — | 146 |
| FY2024 | 12 | $9.9M | $630K | $828K | 174 |
| FY2023 | 22 | $17.3M | $215K | $786K | 311 |
| FY2022 | 22 | $19.0M | $483K | $865K | 402 |
| FY2021 | 57 | $38.0M | $446K | $667K | 878 |
| FY2020 | 22 | $19.1M | $451K | $869K | 149 |
| FY2019 | 7 | $5.1M | $489K | $722K | 93 |
| FY2018 | 5 | $1.6M | $150K | $314K | 50 |
| FY2017 | 8 | $4.4M | $257K | $554K | 177 |
| FY2016 | 7 | $1.9M | $300K | $274K | 90 |
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 49 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 | 132 | 18,934 | 639,905 |
| Cancelled or never disbursed | 4 | 2,040 | 79,313 |
| Disbursed loans | 128 | 16,894 | 560,592 |
| Paid in full | 80 | 13,664 | 435,813 |
| Charged off | 7 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 41 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 5.5% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.0% | 2.4% | 2.5% |
| Dollars charged off | $3.0M | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 55 | 18 | 5 | 9.1% | 2.8% |
| FY2020 | 21 | 12 | 1 | — | 4.0% |
| FY2019 | 7 | 6 | 0 | — | 6.7% |
| FY2018 | 5 | 5 | 0 | — | 7.9% |
| FY2017 | 8 | 8 | 0 | — | 7.7% |
| FY2016 | 7 | 7 | 0 | — | 7.2% |
| FY2015 | 1 | 1 | 0 | — | 6.9% |
| FY2014 | 8 | 7 | 1 | — | 6.4% |
| FY2013 | 3 | 3 | 0 | — | 6.0% |
| FY2012 | 2 | 2 | 0 | — | 6.3% |
| FY2011 | 3 | 3 | 0 | — | 6.9% |
| FY2010 | 8 | 8 | 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 | $446K | $190K |
| Average approval | $756K | $518K |
| Approvals of $150,000 or less | 14.8% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 27.0% | 34.3% |
| Approvals to franchise businesses | 10.4% | 11.5% |
| Jobs supported per approval, as reported | 16.6 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 5.5% | 6.6% |
States served
| # | State of the business (3 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 108 | $81.5M | 93.9% | |
| 2 | Wisconsin | 6 | $5.3M | 5.2% | |
| 3 | Florida | 1 | — | 0.9% |
In Minnesota the lender accounts for 1.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (22 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Anoka County, MN | 36 | $24.0M | 31.3% | |
| 2 | Hennepin County, MN | 25 | $16.2M | 21.7% | |
| 3 | Dakota County, MN | 12 | $21.2M | 10.4% | |
| 4 | Ramsey County, MN | 10 | $4.0M | 8.7% | |
| 5 | Chisago County, MN | 5 | $3.3M | 4.3% | |
| 6 | Washington County, MN | 5 | $2.2M | 4.3% | |
| 7 | Sherburne County, MN | 3 | $3.9M | 2.6% | |
| 8 | Rice County, MN | 3 | $823K | 2.6% | |
| 9 | Barron County, WI | 2 | — | 1.7% | |
| 10 | Polk County, WI | 2 | — | 1.7% | |
| 11 | Douglas County, MN | 1 | — | 0.9% | |
| 12 | Pierce County, WI | 1 | — | 0.9% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 22 | 19.1% | |
| 2 | Construction | 21 | 18.3% | |
| 3 | Accommodation and Food Services | 15 | 13.0% | |
| 4 | Manufacturing | 12 | 10.4% | |
| 5 | Other Services (except Public Administration) | 8 | 7.0% | |
| 6 | Administrative and Support and Waste Management and Remediation Services | 8 | 7.0% | |
| 7 | Health Care and Social Assistance | 7 | 6.1% | |
| 8 | Arts, Entertainment, and Recreation | 6 | 5.2% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 15 | 13.0% | |
| 2 | Services to Buildings and DwellingsNAICS 5617 | 8 | 7.0% | |
| 3 | Machine Shops; Turned Product; and Screw, Nut, and Bolt ManufacturingNAICS 3327 | 7 | 6.1% | |
| 4 | Building Equipment ContractorsNAICS 2382 | 7 | 6.1% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 6 | 5.2% | |
| 6 | Foundation, Structure, and Building Exterior ContractorsNAICS 2381 | 5 | 4.3% | |
| 7 | Beer, Wine, and Liquor StoresNAICS 4453 | 5 | 4.3% | |
| 8 | Other Amusement and Recreation IndustriesNAICS 7139 | 4 | 3.5% | |
| 9 | Specialty Food StoresNAICS 4452 | 4 | 3.5% | |
| 10 | Other Miscellaneous Store RetailersNAICS 4539 | 4 | 3.5% |
Approval sizes
- $50,000 or less0.9%1
- $50,001 to $150,00013.9%16
- $150,001 to $350,00024.3%28
- $350,001 to $1 million38.3%44
- $1 million to $2 million12.2%14
- Over $2 million10.4%12
Loan terms
- 5 years or less2.6%3
- Over 5 to 10 years71.3%82
- Over 10 to 20 years17.4%20
- Over 20 years8.7%10
Age of the businesses
- Existing, more than 2 years old25.2%29
- New business, 2 years or less17.4%20
- Startup, loan funds will open the business9.6%11
- Change of ownership47.8%55
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 93 | 80.9% | |
| 2 | 7a General | 13 | 11.3% | |
| 3 | SBA Express Program | 9 | 7.8% |
Franchise share
12 of 115 approvals in FY2021–FY2025 (10.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Chanticlear Pizza | 3 | 2.6% | |
| 2 | Servpro | 3 | 2.6% | |
| 3 | Beef 'O' Brady's | 2 | 1.7% | |
| 4 | NaturaLawn of America | 1 | 0.9% | |
| 5 | Miracle Method Surface Refinishing | 1 | 0.9% | |
| 6 | MGM Wine & Spirits | 1 | 0.9% | |
| 7 | Clothes Mentor | 1 | 0.9% |
Questions and answers
How many SBA loans does Village Bank make?
SBA approved 2 7(a) loans through Village Bank in FY2025, worth —, and 115 over FY2021 to FY2025. That ranks 287th of 2,184 active 7(a) lenders by number of approvals.
How large are Village Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $446K and the average $756K. The program-wide median was $190K.
What is Village Bank's charge-off rate?
Of 128 disbursed loans approved in FY2010 to FY2021, SBA records 7 as charged off (5.5%), 80 as paid in full and 41 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 Village Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (15); services to buildings and dwellings (8); machine shops; turned product; and screw, nut, and bolt manufacturing (7); building equipment contractors (7).
Where does Village Bank make SBA loans?
In 3 states and territories. Minnesota 108, Wisconsin 6, Florida 1. In Minnesota it accounts for 1.3% of all 7(a) approvals.
Is Village Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 36, against 101 in the three before: falling (-64%).
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