21st Century Bank
Headquartered in LORETTO, MN. Analysis based on 224 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $95.1M.
Total 7(a) loans
224
Total approved
$95.1M
Average loan
$425K
States funded in
5
Charge-off rate
0.00%
FY2020–FY2023 cohort
Paid-in-full rate
37.02%
Average rate
6.32%
Average term
151 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 621310 | Offices of Chiropractors | 13 |
| 621210 | Offices of Dentists | 8 |
| 621610 | Home Health Care Services | 8 |
| 531120 | Lessors of Nonresidential Buildings (except Miniwarehouses) | 6 |
| 722511 | Full-Service Restaurants | 6 |
| 238990 | All Other Specialty Trade Contractors | 5 |
| 561730 | Landscaping Services | 5 |
| 551112 | Offices of Other Holding Companies | 4 |
| 524210 | Insurance Agencies and Brokerages | 4 |
| 621399 | Offices of All Other Miscellaneous Health Practitioners | 4 |
Top 10 states
| State | Loans |
|---|---|
| MN | 217 |
| WI | 3 |
| IA | 2 |
| FL | 1 |
| GA | 1 |
Top franchise brands financed
12 franchise loans across 8 distinct brands.
| Franchise | Loans |
|---|---|
| The UPS Store (f/k/a Mail Box | 3 |
| Jimmy John's | 2 |
| Bee Hive Homes | 2 |
| Peoples Organic Coffee | 1 |
| Discover Strength | 1 |
| Comfort Keepers | 1 |
| World Fuel Services - Wholesal | 1 |
| The Junkluggers | 1 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.