SBA lending by district
SBA lending in MN-05
SBA 7(a) and 504 financing in Minnesota's 5th 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
- 2,839
- Total funded
- $1.1B
- Average loan
- $375K
- 7(a) charge-off
- 3.5%
Borrowers in Minnesota's 5th district took 2,839 SBA loans worth $1.1B since FY2010, averaging $375K. Of the 2,561 7(a) loans, 3.5% have charged off. See the rest of Minnesota.
SBA funded volume by fiscal year
Top SBA lenders in MN-05
- 1. Twin Cities-Metro Certified Development Company $105.4M
- 2. Old National Bank $74.1M
- 3. Platinum Bank $71.3M
- 4. Wells Fargo Bank National Association $59.2M
- 5. Sunrise Banks National Association $57.2M
- 6. U.S. Bank, National Association $55.8M
- 7. Choice Financial Group $49.4M
- 8. Amplio Economic Development Corporation $42.3M
- 9. BankVista $40.6M
- 10. 21st Century Bank $26.6M
Method. SBA 7(a) and 504 loans the SBA recorded in MN-05,
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.