Geography · SBA lending record
SBA lenders in Minnesota
5,915 SBA 7(a) loans in the last five years, from 260 different lenders. Here is who actually lends here.
Who lends here most
last 5 fiscal years| Lender | Loans in MN | Typical loan | Median rate |
|---|---|---|---|
| U.S. Bank, National Association | 748 | $40k | P+2.89 |
| The Huntington National Bank | 521 | $90k | P+2.26 |
| BankVista | 325 | $242k | P+1.80 |
| Old National Bank | 279 | $500k | P+1.18 |
| Frandsen Bank and Trust | 188 | $348k | P+2.00 |
| Wells Fargo Bank National Association | 165 | $15k | P+5.36 |
| Platinum Bank | 145 | $500k | P+1.66 |
| Highland Bank | 118 | $150k | P+1.71 |
| Choice Financial Group | 118 | $300k | P+1.83 |
| Falcon National Bank | 117 | $392k | P+1.47 |
Volume is not quality — but a lender who does hundreds of deals in your state knows your market, and probably your industry too.
What gets funded here
by industryHow big the loans are
If your need sits in a band that barely exists here, widen your search to national lenders rather than assuming nobody will do it.
SBA 504 lending in Minnesota
504 FOIA recordA 504 loan pairs a bank first mortgage with a fixed-rate second through a Certified Development Company — used mostly for owner-occupied property and heavy equipment. Here is who runs 504 deals in Minnesota, and how they have performed.
CDCs most active in Minnesota
- Midwest Business Finance Corporation — 1,846 loans
- Twin Cities-Metro Certified Development Company — 1,173 loans
- Amplio Economic Development Corporation — 726 loans
- Central Minnesota Development Company — 321 loans
- Southeastern Minnesota 504 Development Corporation — 271 loans
- WBD, Inc. — 165 loans
Most-financed here: Full-Service Restaurants, Hotels (except Casino Hotels) and Mote…, Offices of Physicians, General Automotive Repair.
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SBA lending in other states
States with comparable volume, plus the three largest markets.