SBA lending by metro area
SBA lenders in Austin, MN
Which lenders fund Austin-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 Austin area
Ranked by SBA volume funded to businesses located in the Austin 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 | 7 | $2.4M | $345K | not reported |
| 2 | Old National Bank | 8 | $1.9M | $240K | not reported |
| 3 | United Prairie Bank | 5 | $1.6M | $313K | not reported |
| 4 | First National Bank | 7 | $588K | $84K | not reported |
| 5 | Wells Fargo Bank National Association | 8 | $283K | $35K | 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 Austin compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Austin area | $165K ▲ 2.0% | 22.4% ▲ 7.3 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Austin
| Industry | Loans | Total funded |
|---|---|---|
| Accommodation and Food Services | 14 | $7.5M |
| Other Services | 11 | $5.8M |
| Agriculture, Forestry, Fishing | 9 | $2.9M |
| Retail Trade | 12 | $933K |
| Construction | 9 | $664K |
SBA lending in Austin by year
Geography, precisely
"Austin area" here means the Austin, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Mower 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.