SBA lender profile
Foresight Bank
Foresight Bank appears in the public SBA loan data with 26 funded 7(a) loans totaling $8.8M, an average of $338K per loan, and an estimated 273 jobs supported. Its SBA lending concentrates in Illinois and the Retail Trade sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
26
Total volume
$8.8M
Average loan size
$338K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
273
Programs
7(a)
Bank profile
via FDIC- Total assets
- $426M
- Headquarters
- Plainview, MN
- FDIC cert
- #5229
- Status
- Active
Where Foresight Bank lends
Top states by funded SBA volume.
| State | Loans | Total volume |
|---|---|---|
| Illinois | 12 | $4.5M |
| Minnesota | 13 | $2.7M |
| South Carolina | 1 | $1.6M |
What Foresight Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Retail Trade | 8 | $3.8M |
| Other Services | 3 | $2.2M |
| Accommodation and Food Services | 3 | $765K |
| Manufacturing | 3 | $653K |
| Administrative and Support | 2 | $432K |
| Construction | 2 | $310K |
Foresight Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 6 | $3.0M |
| 2021 | 8 | $1.9M |
| 2022 | 3 | $878K |
| 2024 | 6 | $1.1M |
| 2025 | 3 | $1.8M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Foresight Bank's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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