Granite Bank
Headquartered in Cold Spring, MN. Analysis based on 198 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $49.0M.
Total 7(a) loans
198
Total approved
$49.0M
Average loan
$248K
States funded in
11
Charge-off rate
1.88%
FY2020–FY2023 cohort
Paid-in-full rate
52.50%
Average rate
6.80%
Average term
80 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 484220 | Specialized Freight (except Used Goods) Trucking, Local | 48 |
| 722513 | Limited-Service Restaurants | 10 |
| 713990 | All Other Amusement and Recreation Industries | 8 |
| 238910 | Site Preparation Contractors | 7 |
| 238990 | All Other Specialty Trade Contractors | 5 |
| 541110 | Offices of Lawyers | 5 |
| 484110 | General Freight Trucking, Local | 4 |
| 423450 | Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesal | 4 |
| 238160 | Roofing Contractors | 4 |
| 541611 | Administrative Management and General Management Consulting Services | 4 |
Top 10 states
| State | Loans |
|---|---|
| MN | 185 |
| WI | 2 |
| TX | 2 |
| CO | 2 |
| ND | 1 |
| IL | 1 |
| OH | 1 |
| GA | 1 |
| IN | 1 |
| NC | 1 |
Top franchise brands financed
16 franchise loans across 8 distinct brands.
| Franchise | Loans |
|---|---|
| Jimmy John's | 6 |
| Nautical Bowls | 3 |
| Floor to Ceiling | 2 |
| Gameday Men's Health/Gameday | 1 |
| The UPS Store (f/k/a Mail Box | 1 |
| Dunn Brothers Coffee | 1 |
| Homewatch CareGivers | 1 |
| Express Employment Professiona | 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.