SBA lender profile
Freedom Bank
Freedom Bank appears in the public SBA loan data with 18 funded 7(a) loans totaling $5.3M, an average of $296K per loan, and an estimated 153 jobs supported. Its SBA lending concentrates in Montana and the Other Services 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
18
Total volume
$5.3M
Average loan size
$296K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
153
Programs
7(a)
Bank profile
via FDIC- Total assets
- $66M
- Headquarters
- Sterling, IL
- FDIC cert
- #11705
- Status
- Inactive
Where Freedom Bank lends
Top states by funded SBA volume.
What Freedom Bank funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Other Services | 5 | $1.9M |
| Retail Trade | 6 | $1.6M |
| Real Estate | 2 | $911K |
| Arts, Entertainment, Recreation | 2 | $869K |
| Wholesale Trade | 1 | $30K |
| Administrative and Support | 1 | $27K |
Freedom Bank SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2020 | 2 | $613K |
| 2021 | 4 | $1.3M |
| 2022 | 1 | $900K |
| 2024 | 8 | $875K |
| 2025 | 3 | $1.6M |
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 Freedom 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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