SBA by industry · MN
SBA lenders for auto repair shops in Minnesota
50 lenders made 116 SBA loans to auto repair shops in Minnesota in the 36 months ending September 30, 2026. U.S. Bank National Association made the most, with 22. The typical loan was about $250K.
- Evidence
- SBA 7(a) and 504 loans to auto repair shops in Minnesota, NAICS 8111, excluding car washes
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 50
- SBA FOIA,
- SBA loans, 36 months
- 116
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $54.4M
- SBA FOIA,
- Last 12 months
- 46
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for auto repair shops in Minnesota, https://lender.report/sba-lenders-for/auto-repair/minnesota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 22 | $8.42M | 22 | 0 | 9 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 11 | $11.1M | 11 | 0 | 6 |
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 6 | $846K | 6 | 0 | 0 |
| 21st Century Bank SBA 7(a) record | Bank | Loretto, MN | 5 | $1.79M | 5 | 0 | 1 |
| Frandsen Bank & Trust SBA 7(a) record | Bank | Lonsdale, MN | 4 | $1.80M | 4 | 0 | 1 |
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 3 | $3.58M | 3 | 0 | 0 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 3 | $2.86M | 2 | 1 | 1 |
| BankVista SBA 7(a) record | Bank | Sartell, MN | 3 | $1.96M | 3 | 0 | 1 |
| Granite Bank SBA 7(a) record | Bank | Cold Spring, MN | 3 | $565K | 2 | 1 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Minneapolis, MN | 2 | $2.10M | 1 | 1 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 2 | $1.83M | 1 | 1 | 1 |
| Bell Bank SBA 7(a) record | Bank | Fargo, ND | 2 | $1.57M | 2 | 0 | 2 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 2 | $920K | 2 | 0 | 2 |
| Hiawatha National Bank SBA 7(a) record | Bank | Hager City, WI | 2 | $670K | 1 | 1 | 1 |
| Security Bank & Trust Company SBA 7(a) record | Bank | Glencoe, MN | 2 | $650K | 2 | 0 | 0 |
| Platinum Bank SBA 7(a) record | Bank | Oakdale, MN | 2 | $630K | 2 | 0 | 1 |
| The Bank of Elk River SBA 7(a) record | Bank | Elk River, MN | 2 | $580K | 2 | 0 | 2 |
| MidCountry Bank SBA 7(a) record | Savings | Minneapolis, MN | 2 | $560K | 1 | 1 | 1 |
| Sunrise Banks, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 2 | $350K | 2 | 0 | 2 |
| First Resource Bank SBA 7(a) record | Bank | Lino Lakes, MN | 2 | $335K | 2 | 0 | 2 |
| My Kind of Bank, National Association SBA 7(a) record | Bank | Ottertail, MN | 2 | $305K | 1 | 1 | 1 |
| Premier Bank SBA 7(a) record | Bank | Maplewood, MN | 2 | $80.0K | 2 | 0 | 0 |
| Falcon National Bank SBA 7(a) record | Bank | Foley, MN | 1 | $1.20M | 1 | 0 | 1 |
| Peoples State Bank of Plainview | Bank | Plainview, MN | 1 | $940K | 0 | 1 | 0 |
| First State Bank and Trust SBA 7(a) record | Bank | Bayport, MN | 1 | $670K | 1 | 0 | 1 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| General Automotive Repair | 77 |
| Automotive Body, Paint, and Interior Repair and Maintenance | 25 |
| Automotive Glass Replacement Shops | 6 |
| Specialized Automotive Repair | 6 |
| All Other Automotive Repair and Maintenance | 1 |
| Automotive Oil Change and Lubrication Shops | 1 |
| Loan size | Loans |
|---|---|
| Under $150K | 47 |
| $150K to $350K | 21 |
| $350K to $1M | 31 |
| $1M to $2.5M | 13 |
| $2.5M or more | 2 |
- SBA lenders recorded 116 loans to auto repair shops totaling $54.4M in Minnesota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $250K, with the middle half between $50K and $640K. SBA FOIA,
- 99 were SBA 7(a) loans and 15 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.25% on 99 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 109 of the loans, credit unions 4, and non-banks 1. SBA FOIA,
- The five most active lenders made 41.4% of the loans. SBA FOIA,
- The three most active lenders were U.S. Bank National Association with 22, Old National Bank with 11, and The Huntington National Bank with 6. SBA FOIA,
- 47 of the loans were under $150K, and 15 were $1M or more. SBA FOIA,
- 2 of these loans were made by lenders that have since merged or closed, that the file lists under a name with no lender record here, or that the loan tape shows only at a broader industry level. They are counted in the totals here and appear in no lender's row. SBA FOIA,
- The SBA file shows 46 approvals of these loans dated in the 12 months to September 30, 2026, versus 47 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 28 of the 50 lenders are based in Minnesota. The rest are based elsewhere, most often in South Dakota, Ohio and Wisconsin. SBA FOIA,
- The most common detailed industry in Minnesota was General Automotive Repair, with 77 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to auto repair shops in Minnesota
- Period
- October 2023 to September 2026
- Formula
- Count, by lender, of SBA 7(a) approvals and SBA 504 first liens located in Minnesota, dated in the 36 months ending September 30, 2026 and not cancelled, whose NAICS code in the SBA file falls in NAICS 8111, excluding car washes.
- Order
- Largest first by loans in the state, then dollars, then name. Payment is not part of the order.
- As of
- September 30, 2026
- Source
- SBA FOIA
- Changelog
- : First published, with the data built on this date.
What we don't know
- Whether any of these lenders is taking new SBA loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and these pages leave out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
Every loan counted here carried one of these NAICS codes in the SBA file, and the state of the loan is the state of the business. Loans are approvals, net of cancelled approvals. 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
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.