SBA by industry · MN
SBA lenders for child care businesses in Minnesota
31 lenders made 55 SBA loans to child care businesses in Minnesota in the 36 months ending September 30, 2026. First Children's Finance made the most, with 8. The typical loan was about $590K.
- Evidence
- SBA 7(a) and 504 loans to child care businesses in Minnesota, NAICS 6244
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 31
- SBA FOIA,
- SBA loans, 36 months
- 55
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $55.6M
- SBA FOIA,
- Last 12 months
- 21
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for child care businesses in Minnesota, https://lender.report/sba-lenders-for/child-care/minnesota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| First Children's Finance SBA 7(a) record | Non-bank | Minneapolis, MN | 8 | $463K | 8 | 0 | 0 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 5 | $10.0M | 5 | 0 | 2 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 3 | $6.46M | 3 | 0 | 0 |
| Frandsen Bank & Trust SBA 7(a) record | Bank | Lonsdale, MN | 3 | $2.38M | 2 | 1 | 0 |
| Minnwest Bank SBA 504 record | Bank | Redwood Falls, MN | 2 | $4.90M | 0 | 2 | 0 |
| First Resource Bank SBA 7(a) record | Bank | Lino Lakes, MN | 2 | $3.80M | 1 | 1 | 0 |
| America First Credit Union SBA 7(a) record | Credit union | Riverdale, UT | 2 | $2.99M | 1 | 1 | 0 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 2 | $2.56M | 2 | 0 | 1 |
| BankVista SBA 7(a) record | Bank | Sartell, MN | 2 | $1.95M | 2 | 0 | 1 |
| Drake Bank SBA 7(a) record | Bank | Saint Paul, MN | 2 | $1.58M | 2 | 0 | 1 |
| Stearns Bank National Association SBA 7(a) record | Bank | Saint Cloud, MN | 2 | $900K | 2 | 0 | 1 |
| Community Resource Bank SBA 7(a) record | Bank | Northfield, MN | 2 | $740K | 1 | 1 | 0 |
| 21st Century Bank SBA 7(a) record | Bank | Loretto, MN | 2 | $540K | 1 | 1 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Minneapolis, MN | 1 | $2.30M | 1 | 0 | 0 |
| First National Bank of Pennsylvania SBA 7(a) record | Bank | Greenville, PA | 1 | $2.20M | 1 | 0 | 0 |
| Bell Bank SBA 7(a) record | Bank | Fargo, ND | 1 | $2.10M | 1 | 0 | 1 |
| Celtic Bank SBA 7(a) record | Bank | Salt Lake City, UT | 1 | $1.50M | 1 | 0 | 1 |
| Community Bank Mankato | Bank | Vernon Center, MN | 1 | $1.20M | 0 | 1 | 0 |
| State Bank of Taunton | Bank | Taunton, MN | 1 | $1.20M | 1 | 0 | 0 |
| Live Oak Banking Company SBA 7(a) record | Bank | Wilmington, NC | 1 | $1.00M | 1 | 0 | 1 |
| Harvest Small Business Finance, LLC SBA 7(a) record | Non-bank | Laguna Hills, CA | 1 | $850K | 1 | 0 | 0 |
| Bridgewater Bank SBA 7(a) record | Bank | Saint Louis Park, MN | 1 | $710K | 1 | 0 | 0 |
| First National Bank Minnesota | Bank | Saint Peter, MN | 1 | $700K | 0 | 1 | 1 |
| Star Bank | Bank | Maple Lake, MN | 1 | $670K | 0 | 1 | 0 |
| Pioneer Bank SBA 504 record | Bank | Mapleton, MN | 1 | $600K | 0 | 1 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Child Care Services | 55 |
| Loan size | Loans |
|---|---|
| Under $150K | 13 |
| $150K to $350K | 2 |
| $350K to $1M | 20 |
| $1M to $2.5M | 15 |
| $2.5M or more | 5 |
- SBA lenders recorded 55 loans to child care businesses totaling $55.6M in Minnesota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $590K, with the middle half between $200K and $1.5M. SBA FOIA,
- 43 were SBA 7(a) loans and 12 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 8.25% on 43 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 42 of the loans, credit unions 2, and non-banks 11. SBA FOIA,
- The five most active lenders made 38.2% of the loans. SBA FOIA,
- The three most active lenders were First Children's Finance with 8, Old National Bank with 5, and Frandsen Bank & Trust with 3. SBA FOIA,
- 13 of the loans were under $150K, and 20 were $1M or more. SBA FOIA,
- The SBA file shows 21 approvals of these loans dated in the 12 months to September 30, 2026, versus 26 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 18 of the 31 lenders are based in Minnesota. The rest are based elsewhere, most often in Ohio, South Dakota and Utah. SBA FOIA,
- The most common detailed industry in Minnesota was Child Care Services, with 55 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to child care businesses 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 6244.
- 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.