Minnesota SBA Loan Data
58,942 loans totaling $18.2B across all SBA programs.
Total Loans
58,942
1992–2025
Total Volume
$18.2B
Gross approval amount
Avg Loan Size
$309K
Median: $141K
Avg Interest Rate
6.84%
Default rate: 9.2%
SBA Lending by County
Click any county to explore its loan data. Showing: Total Volume
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Counties in Minnesota
| Hennepin → | 15,369 | $5.0B | $323K |
| Ramsey → | 5,298 | $1.7B | $313K |
| Dakota → | 4,371 | $1.5B | $351K |
| Anoka → | 3,744 | $1.3B | $350K |
| Washington → | 2,469 | $769.5M | $312K |
| Stearns → | 2,259 | $703.3M | $311K |
| Wright → | 1,420 | $449.9M | $317K |
| Saint Louis → | 1,579 | $437.5M | $277K |
| Scott → | 1,387 | $427.1M | $308K |
| Carver → | 1,088 | $410.4M | $377K |
| Sherburne → | 1,077 | $344.6M | $320K |
| Crow Wing → | 898 | $322.2M | $359K |
| Olmsted → | 911 | $285.5M | $313K |
| Blue Earth → | 810 | $211.5M | $261K |
| Rice → | 531 | $185.5M | $349K |
| Benton → | 642 | $183.9M | $286K |
| Kandiyohi → | 684 | $181.1M | $265K |
| Otter Tail → | 722 | $174.1M | $241K |
| Douglas → | 566 | $171.3M | $303K |
| Beltrami → | 596 | $147.4M | $247K |
| Chisago → | 522 | $140.5M | $269K |
| Clay → | 478 | $138.1M | $289K |
| Polk → | 484 | $133.3M | $275K |
| Mcleod → | 558 | $126.9M | $227K |
| Isanti → | 400 | $120.0M | $300K |
Showing 1–25 of 88
Minnesota Loan Status
Minnesota Loan Status showing Active: 17.2%, Paid in Full: 63.8%, Charged Off: 8.2%, Cancelled: 10.1%, Committed: 0.8%
Active17.2%
Paid in Full63.8%
Charged Off8.2%
Cancelled10.1%
Committed0.8%
Note: Loans from 2023 and later may show lower default rates because they haven't had enough time to mature. Default rates typically stabilize after 5+ years.
Minnesota Annual Lending Volume
Minnesota Annual Lending Volume from 1992 to 2025
Number of Loans per Year
Number of Loans per Year from 1992 to 2025
Top Industries
Top Industries with 12 categories
Loan Size Distribution
Loan Size Distribution with 7 categories
Top Lenders in Minnesota
| Old National Bank | 4,279 | $1.7B | $400K | 6.00% | 8.9% |
| Wells Fargo Bank National Association | 6,304 | $1.3B | $203K | 7.84% | 14.3% |
| U.S. Bank, National Association | 5,573 | $869.8M | $156K | 7.95% | 11.9% |
| BankVista | 1,151 | $522.7M | $454K | 6.80% | 4.0% |
| Choice Financial Group | 1,034 | $469.5M | $454K | 6.39% | 3.3% |
| Associated Bank, National Association | 2,318 | $439.8M | $190K | 5.94% | 9.8% |
| Stearns Bank National Association | 1,066 | $355.9M | $334K | 6.57% | 8.6% |
| Sunrise Banks National Association | 1,214 | $339.9M | $280K | 6.58% | 8.2% |
| 21st Century Bank | 890 | $336.6M | $378K | 5.85% | 2.9% |
| Platinum Bank | 425 | $324.7M | $764K | 6.68% | 2.0% |
| Frandsen Bank and Trust | 787 | $302.7M | $385K | 7.18% | 4.1% |
| BMO Bank National Association | 1,005 | $276.5M | $275K | 6.11% | 9.8% |
| Minnwest Bank | 614 | $275.6M | $449K | 6.56% | 6.4% |
| Falcon National Bank | 680 | $254.6M | $374K | 6.59% | 3.4% |
| Live Oak Banking Company | 184 | $241.4M | $1.3M | 6.91% | 0.6% |
| Alerus Financial, National Association | 443 | $231.3M | $522K | 6.16% | 6.8% |
| Highland Bank | 1,074 | $225.6M | $210K | 6.40% | 7.2% |
| Northeast Bank | 489 | $174.0M | $356K | 7.71% | 2.8% |
| Bell Bank | 349 | $164.3M | $471K | 7.22% | 1.9% |
| Village Bank | 261 | $160.0M | $613K | 6.24% | 3.2% |
| Merchants Bank, National Association | 540 | $155.2M | $287K | 5.83% | 11.7% |
| First Bank & Trust | 350 | $151.0M | $431K | 8.17% | 8.8% |
| The Huntington National Bank | 667 | $145.2M | $218K | 9.60% | 1.1% |
| Byline Bank | 139 | $142.7M | $1.0M | 7.38% | 3.9% |
| Readycap Lending, LLC | 365 | $136.5M | $374K | 11.67% | 28.2% |
Get the Data
Download the complete SBA loan summary for all 50 states + DC and territories as a CSV — including loan counts, volume, rates, and default data.
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