SBA lending by metro area
SBA lenders in Faribault, MN
Which lenders fund Faribault-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 Faribault area
Ranked by SBA volume funded to businesses located in the Faribault 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 | 18 | $14.4M | $801K | not reported |
| 2 | Community Resource Bank | 30 | $13.1M | $435K | 3.33% |
| 3 | Southeastern Minnesota 504 Development Corporation | 19 | $11.7M | $615K | not reported |
| 4 | Merchants Bank, National Association | 24 | $10.3M | $431K | 8.33% |
| 5 | Twin Cities-Metro Certified Development Company | 15 | $8.1M | $537K | not reported |
| 6 | Amplio Economic Development Corporation | 8 | $7.9M | $988K | not reported |
| 7 | Old National Bank | 5 | $7.0M | $1.4M | not reported |
| 8 | Frandsen Bank and Trust | 18 | $6.0M | $336K | not reported |
| 9 | Wells Fargo Bank National Association | 15 | $5.8M | $387K | not reported |
| 10 | Highland Bank | 5 | $4.5M | $910K | 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 Faribault compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Faribault area | $230K ▲ 42.1% | 23.9% ▲ 8.8 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Faribault
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 47 | $29.1M |
| Health Care and Social Assistance | 25 | $23.0M |
| Construction | 31 | $14.1M |
| Retail Trade | 35 | $13.4M |
| Accommodation and Food Services | 30 | $8.3M |
| Other Services | 20 | $8.1M |
| Wholesale Trade | 5 | $5.0M |
| Transportation and Warehousing | 10 | $4.8M |
SBA lending in Faribault by year
Geography, precisely
"Faribault area" here means the Faribault-Northfield, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Rice 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.