Lenders › Wells Fargo Bank National Association
7(a) lenderSioux Falls, South DakotaFDIC-insured bank6th of 2,184 by approvals
Wells Fargo 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.
Wells Fargo Bank National Association (Sioux Falls, South Dakota) is an FDIC-insured bank in the SBA 7(a) program, 6th of 2,184 by approvals in FY2021 to FY2025: 9,747 loans worth $2.53bn.
In FY2025, the latest complete fiscal year, it had 1,607 approvals totalling $539M, down 28% on FY2024 (2,224). FY2026 to 30 Jun 2026 adds 391 more.
The median approval was $15K, against $190K for the 7(a) program as a whole; 75.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 50 states and territories and 942 counties, led by California (20.4%), Texas (12.9%) and Florida (12.1%). The largest industry group was retail trade at 13.5% of approvals, and 3.3% of approvals were to franchise businesses.
Of 43,060 disbursed loans approved in FY2010 to FY2021, SBA records 3,398 as charged off (7.9%), 33,196 as paid in full and 6,466 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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* | 391 | $310M | $569K | $794K | 3,213 |
| FY2025 | 1,607 | $539M | $20K | $335K | 7,047 |
| FY2024 | 2,224 | $567M | $15K | $255K | 10,139 |
| FY2023 | 2,140 | $428M | $15K | $200K | 9,238 |
| FY2022 | 1,933 | $396M | $15K | $205K | 7,547 |
| FY2021 | 1,843 | $601M | $10K | $326K | 7,825 |
| FY2020 | 1,872 | $547M | $15K | $292K | 9,632 |
| FY2019 | 3,149 | $786M | $15K | $250K | 15,337 |
| FY2018 | 3,898 | $1.20bn | $15K | $307K | 20,968 |
| FY2017 | 5,445 | $1.76bn | $20K | $323K | 34,434 |
| FY2016 | 8,737 | $1.97bn | $15K | $225K | 38,099 |
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 23,101 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 | 48,478 | 79,249 | 639,905 |
| Cancelled or never disbursed | 5,418 | 10,102 | 79,313 |
| Disbursed loans | 43,060 | 69,147 | 560,592 |
| Paid in full | 33,196 | 52,688 | 435,813 |
| Charged off | 3,398 | 4,430 | 36,891 |
| Still outstanding (status exempt from disclosure) | 6,466 | 12,029 | 87,888 |
| Charged off, share of disbursed loans | 7.9% | 6.4% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.4% | 1.5% | 2.5% |
| Dollars charged off | $333M | $565M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 1,677 | 524 | 123 | 7.3% | 2.8% |
| FY2020 | 1,668 | 875 | 122 | 7.3% | 4.0% |
| FY2019 | 2,816 | 1,762 | 258 | 9.2% | 6.7% |
| FY2018 | 3,609 | 2,535 | 298 | 8.3% | 7.9% |
| FY2017 | 4,946 | 3,772 | 381 | 7.7% | 7.7% |
| FY2016 | 7,287 | 6,017 | 600 | 8.2% | 7.2% |
| FY2015 | 6,360 | 5,270 | 581 | 9.1% | 6.9% |
| FY2014 | 3,682 | 2,994 | 291 | 7.9% | 6.4% |
| FY2013 | 3,109 | 2,545 | 212 | 6.8% | 6.0% |
| FY2012 | 2,873 | 2,465 | 199 | 6.9% | 6.3% |
| FY2011 | 2,848 | 2,519 | 171 | 6.0% | 6.9% |
| FY2010 | 2,185 | 1,918 | 162 | 7.4% | 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 | $15K | $190K |
| Average approval | $260K | $518K |
| Approvals of $150,000 or less | 75.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 86.2% | 34.3% |
| Approvals to franchise businesses | 3.3% | 11.5% |
| Jobs supported per approval, as reported | 4.3 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 7.9% | 6.6% |
States served
| # | State of the business (50 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | California | 1,990 | $702M | 20.4% | |
| 2 | Texas | 1,255 | $274M | 12.9% | |
| 3 | Florida | 1,178 | $159M | 12.1% | |
| 4 | Georgia | 546 | $60.3M | 5.6% | |
| 5 | North Carolina | 458 | $79.3M | 4.7% | |
| 6 | Arizona | 439 | $135M | 4.5% | |
| 7 | Colorado | 426 | $125M | 4.4% | |
| 8 | New Jersey | 308 | $91.6M | 3.2% | |
| 9 | Virginia | 274 | $39.3M | 2.8% | |
| 10 | Nevada | 266 | $71.3M | 2.7% | |
| 11 | Minnesota | 259 | $34.9M | 2.7% | |
| 12 | South Carolina | 235 | $35.1M | 2.4% |
In California the lender accounts for 5.7% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (942 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 490 | $163M | 5.0% | |
| 2 | Maricopa County, AZ | 302 | $88.2M | 3.1% | |
| 3 | Miami-Dade County, FL | 276 | $21.5M | 2.8% | |
| 4 | Harris County, TX | 247 | $64.9M | 2.5% | |
| 5 | Clark County, NV | 210 | $41.6M | 2.2% | |
| 6 | Orange County, CA | 198 | $120M | 2.0% | |
| 7 | San Diego County, CA | 185 | $62.1M | 1.9% | |
| 8 | Broward County, FL | 145 | $17.4M | 1.5% | |
| 9 | Riverside County, CA | 129 | $28.4M | 1.3% | |
| 10 | Tarrant County, TX | 109 | $22.2M | 1.1% | |
| 11 | Alameda County, CA | 98 | $35.8M | 1.0% | |
| 12 | Sacramento County, CA | 96 | $36.0M | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Retail Trade | 1,314 | 13.5% | |
| 2 | Transportation and Warehousing | 1,212 | 12.4% | |
| 3 | Professional, Scientific, and Technical Services | 1,157 | 11.9% | |
| 4 | Construction | 1,138 | 11.7% | |
| 5 | Health Care and Social Assistance | 976 | 10.0% | |
| 6 | Other Services (except Public Administration) | 930 | 9.5% | |
| 7 | Administrative and Support and Waste Management and Remediation Services | 578 | 5.9% | |
| 8 | Accommodation and Food Services | 520 | 5.3% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | General Freight TruckingNAICS 4841 | 794 | 8.1% | |
| 2 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 370 | 3.8% | |
| 3 | Restaurants and Other Eating PlacesNAICS 7225 | 338 | 3.5% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 332 | 3.4% | |
| 5 | Residential Building ConstructionNAICS 2361 | 325 | 3.3% | |
| 6 | Personal Care ServicesNAICS 8121 | 325 | 3.3% | |
| 7 | Offices of Other Health PractitionersNAICS 6213 | 295 | 3.0% | |
| 8 | Automotive Repair and MaintenanceNAICS 8111 | 278 | 2.9% | |
| 9 | Building Equipment ContractorsNAICS 2382 | 255 | 2.6% | |
| 10 | Other Personal ServicesNAICS 8129 | 180 | 1.8% |
Approval sizes
- $50,000 or less74.2%7,228
- $50,001 to $150,0001.0%99
- $150,001 to $350,0005.3%513
- $350,001 to $1 million11.4%1,112
- $1 million to $2 million5.2%506
- Over $2 million3.0%289
Loan terms
- 5 years or less0.3%30
- Over 5 to 10 years83.2%8,109
- Over 10 to 20 years2.1%206
- Over 20 years14.4%1,402
Age of the businesses
- Existing, more than 2 years old13.2%1,285
- New business, 2 years or less82.2%8,012
- Startup, loan funds will open the business4.0%391
- Change of ownership0.6%54
- Not answered0.1%5
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | SBA Express Program | 7,280 | 74.7% | |
| 2 | Preferred Lenders Program | 2,408 | 24.7% | |
| 3 | 7a General | 59 | 0.6% |
Franchise share
323 of 9,747 approvals in FY2021–FY2025 (3.3%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Christian Brothers Automotive | 25 | 0.3% | |
| 2 | Ace Hardware | 19 | 0.2% | |
| 3 | The Goddard School | 18 | 0.2% | |
| 4 | Uptown Cheapskate | 13 | 0.1% | |
| 5 | The UPS Store | 12 | 0.1% | |
| 6 | AlphaGraphics | 10 | 0.1% | |
| 7 | D-Bat | 8 | 0.1% | |
| 8 | Culver's ButterBurgers & Frozen Custard | 6 | 0.1% |
Questions and answers
How many SBA loans does Wells Fargo Bank National Association make?
SBA approved 1,607 7(a) loans through Wells Fargo Bank National Association in FY2025, worth $539M, and 9,747 over FY2021 to FY2025. That ranks 6th of 2,184 active 7(a) lenders by number of approvals.
How large are Wells Fargo Bank National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $15K and the average $260K. The program-wide median was $190K.
What is Wells Fargo Bank National Association's charge-off rate?
Of 43,060 disbursed loans approved in FY2010 to FY2021, SBA records 3,398 as charged off (7.9%), 33,196 as paid in full and 6,466 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above 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 Wells Fargo Bank National Association lend to most?
By number of approvals in FY2021 to FY2025: general freight trucking (794); management, scientific, and technical consulting services (370); restaurants and other eating places (338); services to buildings and dwellings (332).
Where does Wells Fargo Bank National Association make SBA loans?
In 50 states and territories. California 1,990, Texas 1,255, Florida 1,178, Georgia 546, North Carolina 458. In California it accounts for 5.7% of all 7(a) approvals.
Is Wells Fargo Bank National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 5,971, against 5,648 in the three before: broadly level (+6%).
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