SBA lending by district
SBA lending in MN-01
SBA 7(a) and 504 financing in Minnesota's 1st district: how much was funded, by which lenders, and the 7(a) charge-off record.
By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31
- SBA loans
- 2,926
- Total funded
- $1.1B
- Average loan
- $380K
- 7(a) charge-off
- 3.6%
Borrowers in Minnesota's 1st district took 2,926 SBA loans worth $1.1B since FY2010, averaging $380K. Of the 2,369 7(a) loans, 3.6% have charged off. See the rest of Minnesota.
SBA funded volume by fiscal year
Top SBA lenders in MN-01
- 1. Southeastern Minnesota 504 Development Corporation $132.1M
- 2. Midwest Business Finance Corporation $106.8M
- 3. Old National Bank $80.8M
- 4. Wells Fargo Bank National Association $63.8M
- 5. Twin Cities-Metro Certified Development Company $46.0M
- 6. Alerus Financial, National Association $37.0M
- 7. Amplio Economic Development Corporation $35.9M
- 8. BankVista $34.7M
- 9. Merchants Bank, National Association $32.2M
- 10. Pioneer Bank $26.8M
Method. SBA 7(a) and 504 loans the SBA recorded in MN-01,
FY2010–2026 (as of 2026-03-31). District boundaries
changed in the 2022 redistricting, so multi-year totals span boundary changes; the district is
as-recorded by the SBA. Charge-off is 7(a)-only. See the
methodology.