SBA lending by district
SBA lending in MN-02
SBA 7(a) and 504 financing in Minnesota's 2nd 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
- 3,451
- Total funded
- $1.5B
- Average loan
- $442K
- 7(a) charge-off
- 2.8%
Borrowers in Minnesota's 2nd district took 3,451 SBA loans worth $1.5B since FY2010, averaging $442K. Of the 2,938 7(a) loans, 2.8% have charged off. See the rest of Minnesota.
SBA funded volume by fiscal year
Top SBA lenders in MN-02
- 1. Twin Cities-Metro Certified Development Company $178.4M
- 2. Old National Bank $140.2M
- 3. Amplio Economic Development Corporation $93.5M
- 4. Wells Fargo Bank National Association $84.5M
- 5. U.S. Bank, National Association $76.4M
- 6. BankVista $67.8M
- 7. Midwest Business Finance Corporation $56.2M
- 8. Choice Financial Group $44.9M
- 9. Platinum Bank $43.4M
- 10. Byline Bank $34.4M
Method. SBA 7(a) and 504 loans the SBA recorded in MN-02,
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.