SBA lending by metro area
SBA lenders in St. Cloud, MN
Which lenders fund St. Cloud-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 St. Cloud area
Ranked by SBA volume funded to businesses located in the St. Cloud 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 | Midwest Business Finance Corporation | 199 | $119.7M | $602K | not reported |
| 2 | Falcon National Bank | 262 | $84.2M | $321K | 0.00% |
| 3 | Stearns Bank National Association | 129 | $60.9M | $472K | 2.33% |
| 4 | BankVista | 195 | $48.1M | $247K | 5.13% |
| 5 | Old National Bank | 69 | $37.4M | $542K | 2.90% |
| 6 | Magnifi Financial CU | 90 | $26.0M | $289K | 1.11% |
| 7 | Minnwest Bank | 43 | $25.8M | $601K | 2.33% |
| 8 | Sentry Bank | 89 | $18.7M | $210K | 3.37% |
| 9 | U.S. Bank, National Association | 41 | $12.2M | $298K | 2.44% |
| 10 | Granite Bank | 34 | $11.4M | $335K | 2.94% |
SBA 7(a) and 504 loans, FY2010–2026, as of 2026-03-31, from the SBA's public record.
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How St. Cloud compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| St. Cloud area | $173K ▲ 7.0% | 14.7% |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in St. Cloud
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 213 | $108.2M |
| Retail Trade | 221 | $91.5M |
| Health Care and Social Assistance | 157 | $58.8M |
| Construction | 191 | $58.7M |
| Accommodation and Food Services | 142 | $55.9M |
| Transportation and Warehousing | 109 | $43.2M |
| Wholesale Trade | 73 | $34.4M |
| Administrative and Support | 74 | $34.0M |
SBA lending in St. Cloud by year
Geography, precisely
"St. Cloud area" here means the St. Cloud, MN metropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Benton County, MN; Stearns 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.