SBA lending by metro area
SBA lenders in Alexandria, MN
Which lenders fund Alexandria-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 Alexandria area
Ranked by SBA volume funded to businesses located in the Alexandria 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 | Midwest Business Finance Corporation | 47 | $34.2M | $728K | not reported |
| 2 | Old National Bank | 34 | $16.2M | $477K | 0.00% |
| 3 | First Western Bank & Trust | 31 | $9.9M | $321K | 0.00% |
| 4 | Amplio Economic Development Corporation | 21 | $8.2M | $389K | not reported |
| 5 | Viking Bank National Association | 46 | $7.7M | $167K | 2.17% |
| 6 | Glenwood State Bank Incorporated | 9 | $6.1M | $683K | not reported |
| 7 | Vantage Bank | 37 | $4.1M | $111K | 0.00% |
| 8 | Wells Fargo Bank National Association | 6 | $1.9M | $316K | not reported |
| 9 | Neighborhood National Bank | 9 | $790K | $88K | not reported |
| 10 | Kensington Bank | 5 | $766K | $153K | 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 Alexandria compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Alexandria area | $150K ▼ 7.3% | 22.8% ▲ 7.8 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Alexandria
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 38 | $24.6M |
| Retail Trade | 57 | $19.4M |
| Manufacturing | 37 | $16.1M |
| Construction | 43 | $14.7M |
| Wholesale Trade | 11 | $7.8M |
| Other Services | 28 | $7.6M |
| Health Care and Social Assistance | 22 | $5.5M |
| Transportation and Warehousing | 23 | $5.3M |
SBA lending in Alexandria by year
Geography, precisely
"Alexandria area" here means the Alexandria, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Douglas 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.