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.
Loans, last 5 years
5,915
Lent
$2634.1M
last 5 fiscal years
Active lenders
260
wrote at least one loan
Typical loan
$175k
median approved
Default rate
2.6%
nationally 2.1%
Who lends here most
last 5 fiscal years| Lender | Loans in MN | Typical loan | Typical 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.
Next
Compare all lenders → Check your eligibility → Find your industry →
Source SBA 7(a) FOIA
Released 2026-06-30
Basis where the project is, not where the bank is
SBA lending in other states
Georgia · 6,847Washington · 6,559Colorado · 6,188Massachusetts · 6,053North Carolina · 5,453Arizona · 4,645Indiana · 4,582Virginia · 4,085
States with comparable volume, plus the three largest markets.