SBA lending by metro area
SBA lenders in Willmar, MN
Which lenders fund Willmar-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 Willmar area
Ranked by SBA volume funded to businesses located in the Willmar 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 | Midwest Business Finance Corporation | 63 | $33.9M | $538K | not reported |
| 2 | Lake Region Bank | 75 | $12.7M | $169K | 1.33% |
| 3 | Old National Bank | 20 | $10.3M | $513K | 5.00% |
| 4 | United Prairie Bank | 26 | $8.6M | $332K | 0.00% |
| 5 | Kensington Bank | 25 | $7.7M | $307K | 0.00% |
| 6 | Home State Bank | 18 | $6.3M | $351K | not reported |
| 7 | Wells Fargo Bank National Association | 9 | $4.7M | $518K | not reported |
| 8 | Granite Bank | 9 | $4.4M | $486K | not reported |
| 9 | Heritage Bank, National Association | 7 | $3.8M | $549K | not reported |
| 10 | United Minnesota Bank | 17 | $3.0M | $176K | 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 Willmar compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Willmar area | $193K ▲ 19.3% | 19.4% ▲ 4.3 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Willmar
| Industry | Loans | Total funded |
|---|---|---|
| Retail Trade | 70 | $28.2M |
| Accommodation and Food Services | 45 | $23.8M |
| Construction | 39 | $13.8M |
| Manufacturing | 40 | $13.3M |
| Professional and Technical Services | 15 | $8.3M |
| Other Services | 24 | $8.1M |
| Transportation and Warehousing | 22 | $5.0M |
| Wholesale Trade | 7 | $4.1M |
SBA lending in Willmar by year
Geography, precisely
"Willmar area" here means the Willmar, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Kandiyohi 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.