SBA lender profile
Southeastern Minnesota 504 Development Corporation
Southeastern Minnesota 504 Development Corporation appears in the public SBA loan data with 274 funded 504 loans totaling $181.8M, an average of $664K per loan, and an estimated 1,750 jobs supported. Its SBA lending concentrates in Minnesota and the Accommodation and Food Services 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
Southeastern Minnesota 504 Development Corporation is a Certified Development Company (a 504 lender), not an FDIC-insured bank.
Where Southeastern Minnesota 504 Development Corporation lends
Top states by funded SBA volume.
What Southeastern Minnesota 504 Development Corporation funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 65 | $44.4M |
| Manufacturing | 39 | $31.5M |
| Retail Trade | 23 | $21.7M |
| Health Care and Social Assistance | 29 | $17.9M |
| Other Services | 32 | $14.8M |
| Construction | 20 | $11.1M |
Southeastern Minnesota 504 Development Corporation SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 18 | $10.0M |
| 2011 | 14 | $11.6M |
| 2012 | 14 | $6.7M |
| 2013 | 15 | $8.4M |
| 2014 | 15 | $7.1M |
| 2015 | 15 | $7.4M |
| 2016 | 15 | $12.6M |
| 2017 | 20 | $11.5M |
| 2018 | 25 | $15.2M |
| 2019 | 19 | $11.4M |
| 2020 | 19 | $11.4M |
| 2021 | 37 | $28.2M |
| 2022 | 14 | $9.7M |
| 2023 | 9 | $7.2M |
| 2024 | 5 | $3.2M |
| 2025 | 11 | $10.5M |
| 2026 | 9 | $9.9M |
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