SBA lender profile
Central Minnesota Development Company
Central Minnesota Development Company appears in the public SBA loan data with 322 funded 504 loans totaling $248.2M, an average of $771K per loan, and an estimated 3,839 jobs supported. Its SBA lending concentrates in Minnesota and the Manufacturing sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
322
Total volume
$248.2M
Average loan size
$771K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
3,839
Programs
504
Central Minnesota Development Company is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Central Minnesota Development Company lends
Top states by funded SBA volume.
What Central Minnesota Development Company funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Manufacturing | 76 | $79.1M |
| Health Care and Social Assistance | 49 | $35.7M |
| Accommodation and Food Services | 34 | $27.2M |
| Construction | 37 | $20.8M |
| Other Services | 29 | $19.5M |
| Retail Trade | 29 | $19.0M |
Central Minnesota Development Company SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 14 | $5.3M |
| 2011 | 19 | $10.4M |
| 2012 | 19 | $8.8M |
| 2013 | 24 | $11.8M |
| 2014 | 15 | $11.2M |
| 2015 | 16 | $12.4M |
| 2016 | 18 | $21.0M |
| 2017 | 18 | $11.0M |
| 2018 | 26 | $20.3M |
| 2019 | 12 | $8.9M |
| 2020 | 13 | $6.2M |
| 2021 | 35 | $26.5M |
| 2022 | 33 | $35.5M |
| 2023 | 16 | $12.8M |
| 2024 | 9 | $13.0M |
| 2025 | 25 | $27.6M |
| 2026 | 10 | $5.7M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of Central Minnesota Development Company's funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
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