Best SBA 7(a) lenders in Minnesota
The top SBA 7(a) lenders in Minnesota by loan volume are U.S. Bank, National Association, The Huntington National Bank, BankVista. Between FY2020 and Q1 FY2026 (2025-12-31), 9,953 SBA 7(a) loans totaling $4.28B were approved for businesses located in Minnesota. Average loan size: $430K.
Top 15 SBA lenders in Minnesota
| # | Lender | Loans in MN | Total $ |
|---|---|---|---|
| 1 | U.S. Bank, National Association | 1,149 | $205.8M |
| 2 | The Huntington National Bank | 599 | $130.4M |
| 3 | BankVista | 538 | $266.6M |
| 4 | Old National Bank | 471 | $400.7M |
| 5 | Wells Fargo Bank National Association | 332 | $56.2M |
| 6 | Frandsen Bank and Trust | 263 | $142.5M |
| 7 | Platinum Bank | 225 | $208.6M |
| 8 | Northeast Bank | 218 | $57.5M |
| 9 | 21st Century Bank | 217 | $90.3M |
| 10 | Falcon National Bank | 214 | $131.6M |
| 11 | Sunrise Banks National Association | 191 | $65.0M |
| 12 | Choice Financial Group | 190 | $108.5M |
| 13 | Granite Bank | 185 | $46.0M |
| 14 | Highland Bank | 178 | $57.5M |
| 15 | Minnwest Bank | 169 | $104.2M |
Top industries funded in Minnesota
| NAICS | Industry | Loans |
|---|---|---|
| 722511 | Full-Service Restaurants | 376 |
| 722513 | Limited-Service Restaurants | 283 |
| 561730 | Landscaping Services | 211 |
| 238990 | All Other Specialty Trade Contractors | 189 |
| 621310 | Offices of Chiropractors | 184 |
| 713940 | Fitness and Recreational Sports Centers | 176 |
| 236118 | Residential Remodelers | 169 |
| 811111 | General Automotive Repair | 150 |
| 621610 | Home Health Care Services | 143 |
| 238220 | Plumbing, Heating, and Air-Conditioning Contractors | 141 |
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Methodology
Computed from the SBA 7(a) FOIA dataset (as of 2025-12-31), filtered to project state = MN.