SBA lending by district
SBA lending in MN-03
SBA 7(a) and 504 financing in Minnesota's 3rd 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
- 6,644
- Total funded
- $2.9B
- Average loan
- $444K
- 7(a) charge-off
- 3.1%
Borrowers in Minnesota's 3rd district took 6,644 SBA loans worth $2.9B since FY2010, averaging $444K. Of the 5,842 7(a) loans, 3.1% have charged off. See the rest of Minnesota.
SBA funded volume by fiscal year
Top SBA lenders in MN-03
- 1. Old National Bank $252.4M
- 2. Twin Cities-Metro Certified Development Company $239.3M
- 3. Wells Fargo Bank National Association $152.6M
- 4. U.S. Bank, National Association $149.8M
- 5. Choice Financial Group $138.1M
- 6. Midwest Business Finance Corporation $133.7M
- 7. Amplio Economic Development Corporation $126.7M
- 8. Platinum Bank $112.0M
- 9. Central Minnesota Development Company $105.1M
- 10. BankVista $105.0M
Method. SBA 7(a) and 504 loans the SBA recorded in MN-03,
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.