--- title: SBA 7(a) Lenders in Minnesota: 215 Made Loans in 3 Years url: https://lender.report/sba-7a-lenders/minnesota/ license: https://lender.report/license/ --- SBA 7(a) ยท MN # SBA 7(a) lenders in Minnesota 215 lenders made at least one SBA 7(a) loan in Minnesota in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 604 of the 3,833 on record. **Evidence** Lender recorded at least one SBA 7(a) loan to a business in Minnesota in the 36 months ending September 30, 2026 **Data as of** SBA, September 30, 2026 **Page last changed** November 11, 2026 **Lenders on record** 215 SBA FOIA, Sep 30, 2026 **Loans, 36 months** 3,833 SBA FOIA, Sep 30, 2026 Approvals, net of cancelled **Dollars, 36 months** $1.77B SBA FOIA, Sep 30, 2026 **Approvals, last 12 months** 959 SBA FOIA, Sep 30, 2026 -31.4% from the prior 12 months Cite this Source: The Lender Report, SBA 7(a) lenders in Minnesota, https://lender.report/sba-7a-lenders/minnesota/, data as of September 30, 2026. ## Describe a deal in Minnesota See which of these lenders made loans like yours, at your size and in your place. No account and no form. [Show SBA 7(a) loans in Minnesota](https://lender.report/comps/?lane=sba_7a&state=MN)[On this list? Find your page](https://lender.report/for-lenders/?from=market) | Lender | Kind | Based in | Loans | Dollars | | --- | --- | --- | --- | --- | | [U.S. Bank National Association](https://lender.report/lender/u-s-bank-oh/) [SBA 7(a) record](https://lender.report/lender/u-s-bank-oh/sba-7a/) | Bank | Cincinnati, OH | 604 | $162M | | [The Huntington National Bank](https://lender.report/lender/huntington-national-bank-oh/) [SBA 7(a) record](https://lender.report/lender/huntington-national-bank-oh/sba-7a/) | Bank | Columbus, OH | 402 | $92.6M | | [Old National Bank](https://lender.report/lender/old-national-bank-in/) [SBA 7(a) record](https://lender.report/lender/old-national-bank-in/sba-7a/) | Bank | Evansville, IN | 178 | $162M | | [BankVista](https://lender.report/lender/bankvista-mn/) [SBA 7(a) record](https://lender.report/lender/bankvista-mn/sba-7a/) | Bank | Sartell, MN | 170 | $76.5M | | [Frandsen Bank & Trust](https://lender.report/lender/frandsen-bank-and-trust-mn/) [SBA 7(a) record](https://lender.report/lender/frandsen-bank-and-trust-mn/sba-7a/) | Bank | Lonsdale, MN | 120 | $62.6M | | [Wells Fargo Bank, National Association](https://lender.report/lender/wells-fargo-bank-sd/) [SBA 7(a) record](https://lender.report/lender/wells-fargo-bank-sd/sba-7a/) | Bank | Sioux Falls, SD | 95 | $20.9M | | [Falcon National Bank](https://lender.report/lender/falcon-national-bank-mn/) [SBA 7(a) record](https://lender.report/lender/falcon-national-bank-mn/sba-7a/) | Bank | Foley, MN | 89 | $53.0M | | [Platinum Bank](https://lender.report/lender/platinum-bank-mn/) [SBA 7(a) record](https://lender.report/lender/platinum-bank-mn/sba-7a/) | Bank | Oakdale, MN | 85 | $75.2M | | [Bell Bank](https://lender.report/lender/bell-bank-nd/) [SBA 7(a) record](https://lender.report/lender/bell-bank-nd/sba-7a/) | Bank | Fargo, ND | 80 | $56.0M | | [First Resource Bank](https://lender.report/lender/first-resource-bank-mn/) [SBA 7(a) record](https://lender.report/lender/first-resource-bank-mn/sba-7a/) | Bank | Lino Lakes, MN | 76 | $49.1M | | [Sunrise Banks, National Association](https://lender.report/lender/sunrise-banks-sd/) [SBA 7(a) record](https://lender.report/lender/sunrise-banks-sd/sba-7a/) | Bank | Sioux Falls, SD | 70 | $31.7M | | [Choice Financial Group](https://lender.report/lender/choice-financial-group-nd/) [SBA 7(a) record](https://lender.report/lender/choice-financial-group-nd/sba-7a/) | Bank | Fargo, ND | 68 | $35.6M | | [First Bank & Trust](https://lender.report/lender/first-bank-and-trust-sd/) [SBA 7(a) record](https://lender.report/lender/first-bank-and-trust-sd/sba-7a/) | Bank | Brookings, SD | 66 | $38.2M | | [Northeast Bank](https://lender.report/lender/northeast-bank-me/) [SBA 7(a) record](https://lender.report/lender/northeast-bank-me/sba-7a/) | Bank | Portland, ME | 66 | $9.19M | | [Readycap Lending, LLC](https://lender.report/lender/readycap-lending-nj/) [SBA 7(a) record](https://lender.report/lender/readycap-lending-nj/sba-7a/) | Non-bank | Berkeley Heights, NJ | 62 | $12.6M | | [Newtek Bank, National Association](https://lender.report/lender/newtek-bank-fl/) [SBA 7(a) record](https://lender.report/lender/newtek-bank-fl/sba-7a/) | Bank | Miami, FL | 60 | $17.0M | | [21st Century Bank](https://lender.report/lender/21st-century-bank-mn/) [SBA 7(a) record](https://lender.report/lender/21st-century-bank-mn/sba-7a/) | Bank | Loretto, MN | 59 | $20.6M | | [Highland Bank](https://lender.report/lender/highland-bank-mn/) [SBA 7(a) record](https://lender.report/lender/highland-bank-mn/sba-7a/) | Bank | Saint Paul, MN | 56 | $14.7M | | [Associated Bank, National Association](https://lender.report/lender/associated-bank-wi/) [SBA 7(a) record](https://lender.report/lender/associated-bank-wi/sba-7a/) | Bank | Green Bay, WI | 49 | $43.7M | | [Minnwest Bank](https://lender.report/lender/minnwest-bank-mn/) [SBA 7(a) record](https://lender.report/lender/minnwest-bank-mn/sba-7a/) | Bank | Redwood Falls, MN | 48 | $26.9M | | [Hiawatha National Bank](https://lender.report/lender/hiawatha-national-bank-wi/) [SBA 7(a) record](https://lender.report/lender/hiawatha-national-bank-wi/sba-7a/) | Bank | Hager City, WI | 47 | $21.2M | | [Live Oak Banking Company](https://lender.report/lender/live-oak-banking-nc/) [SBA 7(a) record](https://lender.report/lender/live-oak-banking-nc/sba-7a/) | Bank | Wilmington, NC | 44 | $50.2M | | [Drake Bank](https://lender.report/lender/drake-bank-mn/) [SBA 7(a) record](https://lender.report/lender/drake-bank-mn/sba-7a/) | Bank | Saint Paul, MN | 43 | $22.0M | | [BayFirst National Bank](https://lender.report/lender/bayfirst-national-bank-fl/) [SBA 7(a) record](https://lender.report/lender/bayfirst-national-bank-fl/sba-7a/) | Bank | Saint Petersburg, FL | 41 | $5.16M | | [Stearns Bank National Association](https://lender.report/lender/stearns-bank-mn/) [SBA 7(a) record](https://lender.report/lender/stearns-bank-mn/sba-7a/) | Bank | Saint Cloud, MN | 40 | $20.8M | SBA FOIA, Sep 30, 2026 [See all 215 SBA 7(a) lenders in Minnesota in Loan Comps](https://lender.report/comps/?lane=sba_7a&state=MN) - Lenders recorded 3,833 SBA 7(a) loans totaling $1.8B in Minnesota in the 36 months ending September 30, 2026. SBA FOIA, Sep 30, 2026 - Banks and savings institutions made 3,630 of those, credit unions 91, and non-banks 112. SBA FOIA, Sep 30, 2026 - The five most active lenders made 38.5% of Minnesota's SBA 7(a) loans. SBA FOIA, Sep 30, 2026 - U.S. Bank National Association recorded the most dollars in Minnesota, at $162.3M. SBA FOIA, Sep 30, 2026 - 107 of these lenders are based in Minnesota. SBA FOIA, Sep 30, 2026 - 61 lenders recorded 10 or more SBA 7(a) loans in Minnesota. SBA FOIA, Sep 30, 2026 - The SBA file shows 959 SBA 7(a) approvals in Minnesota dated in the 12 months to September 30, 2026, versus 1,398 in the prior 12 months. Both counts leave out cancelled approvals. SBA FOIA, Sep 30, 2026 - The typical SBA 7(a) loan in Minnesota was about $170K, with the middle half between $50K and $500K. SBA FOIA, Sep 30, 2026 - Lenders reported a median rate of 9.50% on 3,833 loans in Minnesota, with the middle half between 8.50% and 10.50%. SBA FOIA, Sep 30, 2026 - The median term in Minnesota was 10 years. SBA FOIA, Sep 30, 2026 ## How this list is defined **Measure** SBA 7(a) loans made in Minnesota **Period** October 2023 to September 2026 **Formula** Count, by lender, of SBA 7(a) approvals located in Minnesota and dated in the 36 months ending September 30, 2026, whose status is not cancelled. A lender is listed if it made at least one. **Order** Largest first by loans in the 36 months, then dollars, then name. Payment is not part of the order. **As of** September 30, 2026 **Source** [SBA FOIA](https://data.sba.gov/dataset/7a-504-foia) **Data** [JSON version of this list](https://lender.report/rankings/sba-7a-lenders-by-state.json) **Changelog** November 12, 2026: First published, with the data built on this date. Is your institution on this list? [Show your rank](https://lender.report/for-lenders/badge/). It carries the date and links back to this page. SBA 7(a) is the main SBA loan program for small businesses. The SBA guarantees part of each loan and the lender decides who gets one. SBA figures are approvals, shown net of cancelled loans where the column says so. SBA has not reviewed or endorsed this site. Each lender is counted only where the public file places the loan. Lenders that merged or stopped filing are left out. SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site. Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. [Report a problem](https://lender.report/report/) Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.