SBA lending by metro area
SBA lenders in Hutchinson, MN
Which lenders fund Hutchinson-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 Hutchinson area
Ranked by SBA volume funded to businesses located in the Hutchinson 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 | Citizens Bank & Trust Co | 153 | $19.7M | $129K | 1.31% |
| 2 | Midwest Business Finance Corporation | 45 | $18.1M | $403K | not reported |
| 3 | Wells Fargo Bank National Association | 19 | $6.4M | $339K | not reported |
| 4 | Old National Bank | 13 | $5.0M | $383K | not reported |
| 5 | Home State Bank | 21 | $3.5M | $165K | 0.00% |
| 6 | Twin Cities-Metro Certified Development Company | 5 | $2.8M | $552K | not reported |
| 7 | Amplio Economic Development Corporation | 5 | $1.2M | $246K | not reported |
| 8 | U.S. Bank, National Association | 10 | $383K | $38K | not reported |
| 9 | Bonanza Valley State Bank | 5 | $238K | $48K | 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 Hutchinson compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Hutchinson area | $100K ▼ 38.2% | 18.4% ▲ 3.3 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Hutchinson
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 51 | $17.6M |
| Retail Trade | 46 | $14.0M |
| Accommodation and Food Services | 34 | $7.7M |
| Health Care and Social Assistance | 28 | $7.6M |
| Other Services | 26 | $6.9M |
| Construction | 53 | $5.8M |
| Professional and Technical Services | 22 | $3.8M |
| Real Estate | 12 | $2.8M |
SBA lending in Hutchinson by year
Geography, precisely
"Hutchinson area" here means the Hutchinson, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: McLeod 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.