Frandsen Bank and Trust: SBA Lending Record

Frandsen Bank and Trust in the SBA file

SBA lists Frandsen Bank and Trust as present or last holder of 460 loans approved from FY2017 to FY2026, adding up to $218.0 million of gross dollars. Each is a 7(a) loan; none is 504. The page restates SBA's file in plain terms. It offers no reading of how the bank approaches lending and makes no claim about what it requires.

Class counts: food, brewing and repair

334 loans lie outside the asset classes. Full-service restaurant has 18, while beverage manufacturing (breweries, wineries, distilleries) and limited-service restaurant have 13 each, and automotive mechanical repair (car and truck) and fitness center 10 each. Medical office (physicians) has 7, the smallest of the leading groups. A brewery or winery project involves production equipment, ingredient supply, distribution and a taproom or retail floor, which is why its study tests equipment cost and the appraisal of specialised assets as well as demand. Small counts like these show presence only.

Minnesota, and two neighbours

Minnesota holds 392 loans, Wisconsin 54 and North Dakota 14. By count the file is firmly regional, so a borrower in Minnesota will find the holder heavily represented, while one in Wisconsin or North Dakota will find a small footprint.

A cancellation floor that equals its ceiling

Across FY2017 to FY2024, 5.7% of approvals ended up cancelled (a floor), and the ceiling is identical at 5.7%. No rate of charge-off appears, because a Loan Analytics rule keeps it off the page, and the blank should never be read as zero. Without it, the page gives only a partial view of outcomes, and the low cancellation figure should not be taken as a verdict on the book. A loan that disbursed and later failed would not appear in that figure at all.

How the record sits beside a study

A lender's file is a backdrop. The study is the foreground: demand, cost, whether the payment is covered in a lean year, and the appraisal. A borrower who brings those has something a credit reader can test line by line. Without them, even a strong holder record leaves the central question of the project unanswered, and the county where the bank is busiest may not be the county where the project sits.