Another published charge-off rate of 0.00%

Alexandria, MN is Douglas County alone, a micropolitan area with 177 loans and $74.3 million from FY2017 to FY2026, ranking 339 of 928. Of the 96 loans funded under those earlier approvals, SBA lists 0.00% as charged off to this point, with 0.00% again for the first five years. These are floors on a small cohort, and open loans may still change them. Cancelled approvals reach at least 8.6% through FY2024, and no ceiling appears, since Loan Analytics holds it back under its small-count rule.

Programme mix is 134 under 7(a) and 43 under 504. Amplio Economic Development Corporation holds 20 of the 504 loans, worth $8.0 million. Loans centre on a $167,500 median, 0.81x the country's, and the central half starts at $50,000 and stops at $350,000. Franchise brands account for 6.8%. Douglas County holds all 177 loans, and 43 of them are 504, so a request that needs real estate financing can point to local precedent.

Tracked classes

Full-service restaurant leads with 6 loans; hotel and motel, beverage manufacturing and limited-service restaurant have 5 each. A total of 136 loans fall in no tracked class. The classes with a presence include breweries, wineries and distilleries, and the file gives only the count for each.

SBA names holders of record; the list is a map of the loan book and not a description of any bank. Old National Bank holds 17 loans worth $8.9 million, First Western Bank & Trust 15 worth $4.8 million, Viking Bank National Association 14 worth $2.4 million, Glenwood State Bank Incorporated 7 worth $5.2 million and Neighborhood National Bank (MN) 5 worth $458,000. Annual approvals peaked at 30 loans in FY2020, and FY2024 stands out in dollars at $20.4 million on 15 loans.

What a study here should do

Because zero charge-offs on 96 funded loans is not proof that none will occur, a study should still run debt service coverage under stress. It should test demand in Douglas County, check supply in the leading restaurant, lodging and beverage classes, and compare cost with loans below the national level. If a 504 structure is planned, it can lean on a local intermediary. The 2023 delineation places the county, and the page promises no approval.

SBA loans in the Alexandria, MN Micro Area

Loans approved, FY2017 to FY2026	177
Gross dollars approved	$74.3 million
Median loan	$167,500
Middle half of loans, from	$50,000
Middle half of loans, to	$350,000
SBA 7(a) loans	134
SBA 504 loans	43
Franchise share of loans	6.8%
Rank among metro and micro areas by loans	339 of 928
Median loan against the national median	0.81x

Cancellation and charge-off

Cancelled after approval, FY2017 to FY2024 approvals (a floor)	8.6%
The same, counting loans still undisbursed as cancelled (a ceiling)	withheld
Charged off to date, FY2017 to FY2021 disbursed loans (a floor)	0.00%
Charged off within five years of approval	0.00%
Loans in that cohort	96

Both rates are floors. SBA withholds the status of open loans, so a loan counts as charged off only once SBA reports it; a rate needs at least 30 loans in its cohort and is otherwise not reported.

SBA loans approved in the Alexandria, MN Micro Area, by fiscal year

Fiscal year	Loans	Dollars
FY2017	17	$2.0 million
FY2018	12	$4.1 million
FY2019	19	$5.0 million
FY2020	30	$5.7 million
FY2021	25	$11.6 million
FY2022	21	$7.3 million
FY2023	13	$2.8 million
FY2024	15	$20.4 million
FY2025	14	$7.9 million
FY2026	11	$7.4 million

Loans by asset class

Asset class	Loans
Not in any of the 39 asset classes	136
Full-service restaurant	6
Hotel and motel	5
Beverage manufacturing (breweries, wineries, distilleries)	5
Limited-service restaurant	5

Classes with 5 or more loans; smaller ones are withheld, and more where a small one could be derived.

Most active SBA lenders

SBA 504: lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Amplio Economic Development Corporation	20	$8.0 million

SBA 7(a): lenders by loans approved (the current holder of each loan, as SBA reports it)
Lender	Loans	Dollars
Old National Bank	17	$8.9 million
First Western Bank & Trust	15	$4.8 million
Viking Bank National Association	14	$2.4 million
Glenwood State Bank Incorporated	7	$5.2 million
Neighborhood National Bank (MN)	5	$458,000

Lenders with 5 or more loans here; a lender with fewer is not listed, and loans SBA or a receiver holds are counted but never listed as a lender.

Where the loans are, by county

County	Loans
Douglas County, MN	177

Counties with 5 or more loans; smaller ones are not listed.

Metro is the CBSA (metropolitan or micropolitan statistical area) of the loan's project county, July 2023 delineation (OMB Bulletin 23-01). The county is matched by name (manifests/ld2/county-cbsa-map.csv); a loan whose county cannot be placed in a 2023 CBSA is left out of every metro.

All assets: every 7(a) and 504 approval in the metro, including those outside the 39 asset classes.

A value marked withheld rests on fewer than 5 loans, or is withheld so that such a figure cannot be derived from other published figures.

Source: U.S. Small Business Administration, 7(a) and 504 loan-level FOIA files (data.sba.gov), as of 2026-09-30; areas from the U.S. Census Bureau CBSA delineation, July 2023 (OMB Bulletin 23-01); Loan Analytics metro cell MT-10820.

Related feasibility study pages

Loan Analytics prepares the feasibility study a lender reads before it commits: for a commercial project in the Alexandria, MN Micro Area, financed under SBA 7(a), SBA 504, USDA Business and Industry or a conventional bank loan. Tell us the project and the lender's deadline, and we reply with scope, timeline and fee.

Daniel Smith, MAI

Feasibility Study Data for the Alexandria, MN Micro Area