Minnesota SBA Loan Data
58,942 loans totaling $18.2B across all SBA programs.
Total Loans
58,942
1991–2025
Total Volume
$18.2B
Gross approval amount
Avg Loan Size
$309K
Median: $141K
Avg Interest Rate
6.84%
Default rate: 9.2%
Minnesota Loan Status
Active17.2%
Paid in Full63.8%
Charged Off8.2%
Cancelled9.6%
Committed0.8%
Download State Data
Get the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
Minnesota Annual Lending Volume
Number of Loans per Year
Top Industries
Loan Size Distribution
Top Lenders in Minnesota
| Lender | Loans | Volume▼ | Avg Size | Avg Rate | Default Rate |
|---|---|---|---|---|---|
| Old National Bank | 3,970 | $1.5B | $366K | 6.00% | 9.5% |
| Wells Fargo Bank National Association | 6,279 | $1.3B | $200K | 7.84% | 14.4% |
| U.S. Bank, National Association | 5,549 | $851.8M | $154K | 7.95% | 12.0% |
| BankVista | 1,003 | $423.9M | $423K | 6.80% | 4.2% |
| Associated Bank, National Association | 2,295 | $409.6M | $178K | 5.94% | 9.8% |
| Choice Financial Group | 911 | $394.5M | $433K | 6.39% | 3.6% |
| Stearns Bank National Association | 1,057 | $350.7M | $332K | 6.57% | 8.7% |
| Platinum Bank | 412 | $313.1M | $760K | 6.68% | 2.1% |
| Sunrise Banks National Association | 1,145 | $294.9M | $258K | 6.58% | 8.6% |
| OLD NATIONAL BANK | 309 | $259.4M | $840K | N/A | 1.8% |
| 21st Century Bank | 722 | $241.9M | $335K | 5.85% | 3.2% |
| BMO Bank National Association | 965 | $240.4M | $249K | 6.11% | 10.3% |
| Live Oak Banking Company | 182 | $237.9M | $1.3M | 6.91% | 0.6% |
| Minnwest Bank | 539 | $220.1M | $408K | 6.56% | 7.2% |
| Falcon National Bank | 621 | $219.1M | $353K | 6.59% | 3.5% |
| Frandsen Bank and Trust | 642 | $216.1M | $337K | 7.18% | 4.7% |
| Highland Bank | 1,040 | $206.4M | $198K | 6.40% | 7.3% |
| Alerus Financial, National Association | 373 | $186.6M | $500K | 6.16% | 7.9% |
| Byline Bank | 138 | $142.0M | $1.0M | 7.38% | 3.9% |
| The Huntington National Bank | 660 | $139.8M | $212K | 9.60% | 1.1% |
| Readycap Lending, LLC | 365 | $136.5M | $374K | 11.67% | 28.2% |
| First Bank & Trust | 322 | $133.6M | $415K | 8.17% | 9.4% |
| Village Bank | 223 | $131.6M | $590K | 6.24% | 3.7% |
| Bell Bank | 279 | $112.0M | $401K | 7.22% | 2.3% |
| Northeast Bank | 407 | $110.2M | $271K | 7.71% | 3.5% |
Top Counties in Minnesota
| County | Loans | Volume▼ |
|---|---|---|
| Hennepin → | 15,369 | $5.0B |
| Ramsey → | 5,298 | $1.7B |
| Dakota → | 4,371 | $1.5B |
| Anoka → | 3,744 | $1.3B |
| Washington → | 2,469 | $769.5M |
| Stearns → | 2,259 | $703.3M |
| Wright → | 1,420 | $449.9M |
| Saint Louis → | 1,579 | $437.5M |
| Scott → | 1,387 | $427.1M |
| Carver → | 1,088 | $410.4M |
| Sherburne → | 1,077 | $344.6M |
| Crow Wing → | 898 | $322.2M |
| Olmsted → | 911 | $285.5M |
| Blue Earth → | 810 | $211.5M |
| Rice → | 531 | $185.5M |
| Benton → | 642 | $183.9M |
| Kandiyohi → | 684 | $181.1M |
| Otter Tail → | 722 | $174.1M |
| Douglas → | 568 | $171.6M |
| Beltrami → | 596 | $147.4M |
| Chisago → | 522 | $140.5M |
| Clay → | 478 | $138.1M |
| Polk → | 485 | $133.4M |
| Mcleod → | 558 | $126.9M |
| Isanti → | 400 | $120.0M |
Showing 1–25 of 30
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