SBA lending by metro area
SBA lenders in Winona, MN
Which lenders fund Winona-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 Winona area
Ranked by SBA volume funded to businesses located in the Winona 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 | Merchants Bank, National Association | 43 | $11.3M | $262K | 2.33% |
| 2 | Twin Cities-Metro Certified Development Company | 6 | $9.7M | $1.6M | not reported |
| 3 | Southeastern Minnesota 504 Development Corporation | 15 | $8.0M | $532K | not reported |
| 4 | Old National Bank | 11 | $6.7M | $613K | not reported |
| 5 | WNB Financial, National Association | 13 | $5.9M | $451K | not reported |
| 6 | Wells Fargo Bank National Association | 6 | $4.7M | $791K | not reported |
| 7 | Midwest Business Finance Corporation | 15 | $4.3M | $286K | not reported |
| 8 | Highland Bank | 5 | $3.5M | $692K | not reported |
| 9 | Amplio Economic Development Corporation | 6 | $3.1M | $512K | not reported |
| 10 | Altra FCU | 5 | $2.1M | $417K | 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 Winona compares
Median funded SBA loan and 504 share of loans, FY2010–2026.
| Median loan | 504 share | |
|---|---|---|
| Winona area | $247K ▲ 52.9% | 26.5% ▲ 11.5 pts |
| Minnesota | $162K | 15.1% |
| United States | $179K | 11.2% |
What gets funded in Winona
| Industry | Loans | Total funded |
|---|---|---|
| Manufacturing | 31 | $25.0M |
| Retail Trade | 27 | $18.9M |
| Construction | 19 | $8.7M |
| Health Care and Social Assistance | 19 | $5.5M |
| Professional and Technical Services | 11 | $4.8M |
| Wholesale Trade | 6 | $4.3M |
| Accommodation and Food Services | 17 | $3.4M |
| Real Estate | 5 | $1.8M |
SBA lending in Winona by year
Geography, precisely
"Winona area" here means the Winona, MN micropolitan statistical area as delineated by OMB (July 2023), which is exactly these counties: Winona 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.