Bank · Lonsdale, MN
Frandsen Bank and Trust
Made 33 SBA 7(a) change-of-ownership loans totaling $21.2M in FY2024 to FY2026: #101 of 1,054 lenders by loans and #161 by dollars. Lends in 2 states. Part of Frandsen Financial Corp.
#101by loans, FY24–26
33loans
$21.2Mapproved
$514Kmedian loan
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 9 | $6.3M | $327K | 0.2% |
| FY2025 | 12 | $10.0M | $800K | 0.2% |
| FY2026 | 12 | $4.9M | $298K | 0.2% |
Loan size
Deal size mix
21% of its loans were $1M or more.
- Under $350K15 loans · 45% · $3.5M
- $350K to $1M11 loans · 33% · $7.5M
- $1M to $2M7 loans · 21% · $10.1M
- $2M to $5M0 loans · 0% · $0K
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 6 | $4.8M |
| Health Care & Social Assistance | 6 | $2.9M |
| Construction | 4 | $2.8M |
| Retail Trade | 4 | $2.7M |
| Administrative & Support, Waste Mgmt | 4 | $1.9M |
| Manufacturing | 3 | $1.1M |
| Wholesale Trade | 3 | $4.3M |
| Other Services | 3 | $639K |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Minnesota | 29 | $18.4M |
| Wisconsin | 4 | $2.8M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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