SBA lending by district
SBA lending in MN-08
SBA 7(a) and 504 financing in Minnesota's 8th 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
- 2,950
- Total funded
- $1.1B
- Average loan
- $371K
- 7(a) charge-off
- 2.4%
Borrowers in Minnesota's 8th district took 2,950 SBA loans worth $1.1B since FY2010, averaging $371K. Of the 2,397 7(a) loans, 2.4% have charged off. See the rest of Minnesota.
SBA funded volume by fiscal year
Top SBA lenders in MN-08
- 1. Midwest Business Finance Corporation $255.7M
- 2. Old National Bank $67.4M
- 3. Frandsen Bank and Trust $62.0M
- 4. Amplio Economic Development Corporation $41.4M
- 5. Wells Fargo Bank National Association $35.9M
- 6. Park State Bank $34.9M
- 7. Twin Cities-Metro Certified Development Company $31.1M
- 8. Stearns Bank National Association $29.9M
- 9. Northeast Entrepreneur Fund, Inc. $28.1M
- 10. U.S. Bank, National Association $27.8M
Method. SBA 7(a) and 504 loans the SBA recorded in MN-08,
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.