SBA lending by district
SBA lending in MN-06
SBA 7(a) and 504 financing in Minnesota's 6th 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
- 3,556
- Total funded
- $1.4B
- Average loan
- $391K
- 7(a) charge-off
- 2.9%
Borrowers in Minnesota's 6th district took 3,556 SBA loans worth $1.4B since FY2010, averaging $391K. Of the 2,921 7(a) loans, 2.9% have charged off. See the rest of Minnesota.
SBA funded volume by fiscal year
Top SBA lenders in MN-06
- 1. Midwest Business Finance Corporation $223.4M
- 2. Falcon National Bank $96.9M
- 3. Twin Cities-Metro Certified Development Company $93.8M
- 4. BankVista $83.0M
- 5. Old National Bank $76.7M
- 6. Stearns Bank National Association $64.8M
- 7. U.S. Bank, National Association $43.9M
- 8. Wells Fargo Bank National Association $43.0M
- 9. Central Minnesota Development Company $40.8M
- 10. Amplio Economic Development Corporation $33.8M
Method. SBA 7(a) and 504 loans the SBA recorded in MN-06,
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.