SBA lending by metro area
SBA lenders in Red Wing, MN
Which lenders fund Red Wing-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 Red Wing area
Ranked by SBA volume funded to businesses located in the Red Wing 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 | Woodlands National Bank | 11 | $8.0M | $729K | not reported |
| 2 | Twin Cities-Metro Certified Development Company | 15 | $5.8M | $385K | not reported |
| 3 | Midwest Business Finance Corporation | 13 | $4.2M | $320K | not reported |
| 4 | Southeastern Minnesota 504 Development Corporation | 5 | $3.2M | $631K | not reported |
| 5 | Old National Bank | 9 | $3.1M | $345K | not reported |
| 6 | First Farmers & Merchants Bank | 24 | $2.8M | $117K | 0.00% |
| 7 | U.S. Bank, National Association | 9 | $2.4M | $263K | not reported |
| 8 | Wells Fargo Bank National Association | 8 | $1.9M | $236K | not reported |
| 9 | Associated Bank, National Association | 15 | $1.7M | $116K | not reported |
| 10 | Merchants Bank, National Association | 11 | $1.4M | $125K | 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 Red Wing compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Red Wing area | $150K ▼ 7.3% | 20.1% ▲ 5.0 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Red Wing
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 28 | $16.8M |
| Manufacturing | 38 | $16.4M |
| Accommodation and Food Services | 12 | $3.5M |
| Other Services | 15 | $3.2M |
| Construction | 10 | $3.2M |
| Wholesale Trade | 7 | $3.1M |
| Real Estate | 8 | $2.5M |
| Transportation and Warehousing | 7 | $2.2M |
SBA lending in Red Wing by year
Geography, precisely
"Red Wing area" here means the Red Wing, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Goodhue 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.