SBA lending by metro area
SBA lenders in Marshall, MN
Which lenders fund Marshall-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 Marshall area
Ranked by SBA volume funded to businesses located in the Marshall 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 | Old National Bank | 30 | $13.4M | $446K | 10.00% |
| 2 | Midwest Business Finance Corporation | 20 | $11.6M | $581K | not reported |
| 3 | Minnwest Bank | 11 | $4.0M | $363K | not reported |
| 4 | First Independent Bank | 7 | $2.0M | $292K | not reported |
| 5 | U.S. Bank, National Association | 5 | $2.0M | $402K | 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 Marshall compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Marshall area | $267K ▲ 64.9% | 24.5% ▲ 9.4 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Marshall
| Industry | Loans | Total funded |
|---|---|---|
| Health Care and Social Assistance | 19 | $9.8M |
| Accommodation and Food Services | 22 | $9.7M |
| Manufacturing | 8 | $5.1M |
| Other Services | 15 | $4.1M |
| Retail Trade | 13 | $3.2M |
| Professional and Technical Services | 6 | $1.3M |
SBA lending in Marshall by year
Geography, precisely
"Marshall area" here means the Marshall, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Lyon 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.