it was used for a time as a hospital until it was finally demolished. The monastery chapel became the parish church.

In the 16th and 17th centuries, Faaborg had to compete with a considerable amount of illegal trading from other settlements along the coast. In the mid-17th century, it suffered even more from the effects of the Swedish Wars but it began to prosper as an important port in the 18th century. Corn was exported to Norway and trade increased with the Grand Duchies of Schleswig