SBA lending by metro area
SBA lenders in Minneapolis, MN
Which lenders fund Minneapolis-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 Minneapolis area
Ranked by SBA volume funded to businesses located in the Minneapolis metropolitan 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 | Twin Cities-Metro Certified Development Company | 1,085 | $837.9M | $772K | not reported |
| 2 | Old National Bank | 1,349 | $708.9M | $525K | 3.56% |
| 3 | Wells Fargo Bank National Association | 1,771 | $469.4M | $265K | 5.65% |
| 4 | U.S. Bank, National Association | 2,612 | $443.5M | $170K | 2.87% |
| 5 | Midwest Business Finance Corporation | 575 | $397.3M | $691K | not reported |
| 6 | Amplio Economic Development Corporation | 582 | $389.6M | $669K | not reported |
| 7 | BankVista | 594 | $313.2M | $527K | 3.70% |
| 8 | Choice Financial Group | 635 | $311.5M | $491K | 0.79% |
| 9 | Platinum Bank | 399 | $302.8M | $759K | 1.75% |
| 10 | 21st Century Bank | 645 | $220.2M | $341K | 2.33% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How Minneapolis compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Minneapolis area | $175K ▲ 8.2% | 13.6% ▼ 1.4 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Minneapolis
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 2,495 | $1.5B |
| Health Care and Social Assistance | 2,183 | $966.3M |
| Accommodation and Food Services | 2,136 | $955.3M |
| Retail Trade | 2,383 | $883.2M |
| Construction | 2,481 | $797.6M |
| Professional and Technical Services | 2,138 | $659.2M |
| Wholesale Trade | 1,087 | $642.3M |
| Other Services | 1,830 | $625.8M |
SBA lending in Minneapolis by year
Geography, precisely
"Minneapolis area" here means the Minneapolis-St. Paul-Bloomington, MN-WI metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Anoka County, MN; Carver County, MN; Chisago County, MN; Dakota County, MN; Hennepin County, MN; Isanti County, MN; Le Sueur County, MN; Mille Lacs County, MN; Pierce County, WI; Ramsey County, MN; Scott County, MN; Sherburne County, MN; St. Croix County, WI; Washington County, MN; Wright 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.