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
| Lender | Loans | Total 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
| Industry | Loans | Total 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 year | Loans | Total volume |
|---|---|---|
| 2010 | 242 | $112.5M |
| 2011 | 275 | $156.8M |
| 2012 | 360 | $220.2M |
| 2013 | 297 | $158.6M |
| 2014 | 249 | $137.9M |
| 2015 | 244 | $138.7M |
| 2016 | 275 | $179.3M |
| 2017 | 276 | $161.9M |
| 2018 | 271 | $164.6M |
| 2019 | 266 | $189.6M |
| 2020 | 1,852 | $764.1M |
| 2021 | 2,355 | $1.2B |
| 2022 | 1,862 | $952.4M |
| 2023 | 1,778 | $794.5M |
| 2024 | 1,809 | $846.1M |
| 2025 | 1,822 | $936.6M |
| 2026 | 589 | $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.