Frandsen Bank and Trust approved 240 SBA loans worth $137.3M between October 2021 and June 2026, ranking #176 of 2,283 SBA lenders nationally by loan count. Its median loan was $350,000, and 34% went to startups or businesses under two years old. It lent in 3 states, most often in Minnesota, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Minnesota | 205 | $116.9M | $346,000 | #8 |
| Wisconsin | 31 | $18.0M | $350,000 | #37 |
| North Dakota | 4 | $2.5M | $610,450 | #35 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 32 | $491,050 | |
| Other services (repair, personal care) | 30 | $347,700 | |
| Construction | 29 | $307,000 | |
| Manufacturing | 28 | $446,000 | |
| Health care and social assistance | 28 | $255,600 | |
| Retail | 22 | $272,450 | |
| Administrative and support services | 15 | $445,000 | |
| Professional and technical services | 13 | $187,000 | |
| Arts, entertainment and recreation | 13 | $338,000 | |
| Wholesale trade | 9 | $1,613,700 |