SBA lending by metro area
SBA lenders in Albert Lea, MN
Which lenders fund Albert Lea-area businesses, how much, and how the market compares with Minnesota: SBA 7(a) and 504 loans, FY2010–2026.
By Mario Bailey · SBA FOIA data as of 2026-03-31
Top SBA lenders in the Albert Lea area
Ranked by SBA volume funded to businesses located in the Albert Lea micropolitan area, wherever the lender is headquartered. National SBA lenders that fund here are included.
| # | Lender | Loans | Total funded | Average loan | 7(a) charge-off |
|---|---|---|---|---|---|
| 1 | Southeastern Minnesota 504 Development Corporation | 11 | $5.7M | $518K | not reported |
| 2 | Wells Fargo Bank National Association | 6 | $4.1M | $677K | not reported |
| 3 | Amplio Economic Development Corporation | 12 | $3.4M | $284K | not reported |
| 4 | United Prairie Bank | 7 | $1.9M | $265K | not reported |
| 5 | Security Bank Minnesota | 18 | $1.3M | $75K | not reported |
| 6 | Citizens Community Federal National Association | 5 | $834K | $167K | not reported |
| 7 | U.S. Bank, National Association | 5 | $769K | $154K | not reported |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Albert Lea compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Albert Lea area | $226K ▲ 39.4% | 26.9% ▲ 11.8 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Albert Lea
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 15 | $11.5M |
| Manufacturing | 9 | $6.9M |
| Retail Trade | 17 | $4.6M |
| Health Care and Social Assistance | 8 | $4.2M |
| Wholesale Trade | 9 | $4.1M |
| Professional and Technical Services | 13 | $2.5M |
| Construction | 8 | $2.4M |
| Transportation and Warehousing | 8 | $1.2M |
SBA lending in Albert Lea by year
Geography, precisely
"Albert Lea area" here means the Albert Lea, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Freeborn County, MN. Loans are placed by the SBA's recorded project county, which can differ from a borrower's mailing address. Counts are SBA 7(a) and 504 funded loans, FY2010–2026, as of 2026-03-31. See the methodology.