Independent reference built on public SBA FOIA loan data. Not affiliated with the U.S. Small Business Administration.

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SBA lending by state

SBA Lending in Minnesota

In Minnesota, SBA lenders funded 14,822 7(a) and 504 loans totaling $7.5B, an average of $507K per loan. The most active lender is Midwest Business Finance Corporation, and the most-funded industry is Manufacturing.

By Mario Bailey · Source: SBA FOIA data, as of 2026-03-31

Funded loans
14,822
Total volume
$7.5B
Average loan size
$507K

Most active SBA lenders in Minnesota

LenderLoansTotal volume
Midwest Business Finance Corporation 1,823 $1.1B
Twin Cities-Metro Certified Development Company 1,161 $892.0M
Amplio Economic Development Corporation 722 $471.7M
Old National Bank 478 $406.6M
BankVista 556 $278.8M
Central Minnesota Development Company 312 $239.0M
U.S. Bank, National Association 1,198 $215.8M
Platinum Bank 227 $210.2M

Top industries funded in Minnesota

IndustryLoansTotal volume
Manufacturing 1,692 $1.2B
Accommodation and Food Services 1,857 $1.0B
Health Care and Social Assistance 1,587 $893.8M
Retail Trade 1,769 $824.0M
Construction 1,670 $686.5M
Other Services 1,381 $571.3M
Professional and Technical Services 1,070 $431.7M
Wholesale Trade 655 $429.2M

SBA lending in Minnesota by year

Fiscal yearLoansTotal volume
2010242$112.5M
2011275$156.8M
2012360$220.2M
2013297$158.6M
2014249$137.9M
2015244$138.7M
2016275$179.3M
2017276$161.9M
2018271$164.6M
2019266$189.6M
20201,852$764.1M
20212,355$1.2B
20221,862$952.4M
20231,778$794.5M
20241,809$846.1M
20251,822$936.6M
2026589$347.8M
Sources and disclaimer. Figures are computed from the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31); see our methodology. SBA Loan Index is not affiliated with the SBA and is not a lender, broker, or financial advisor.

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