SBA by industry · MN
SBA lenders for gyms and fitness businesses in Minnesota
44 lenders made 143 SBA loans to gyms and fitness businesses in Minnesota in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 23. The typical loan was about $270K.
- Evidence
- SBA 7(a) and 504 loans to gyms and fitness businesses in Minnesota, NAICS 7139
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 44
- SBA FOIA,
- SBA loans, 36 months
- 143
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $97.4M
- SBA FOIA,
- Last 12 months
- 39
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for gyms and fitness businesses in Minnesota, https://lender.report/sba-lenders-for/gyms-and-fitness/minnesota/, data as of September 30, 2026.
Describe a deal in Minnesota
See which lenders made SBA loans to gyms and fitness businesses, at your size and in your state. No account and no form.
Show SBA loans to gyms and fitness businesses in MinnesotaOn this list? Find your page
| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 23 | $8.98M | 23 | 0 | 8 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 11 | $4.21M | 11 | 0 | 2 |
| Bell Bank SBA 7(a) record | Bank | Fargo, ND | 9 | $8.16M | 8 | 1 | 3 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 8 | $13.5M | 8 | 0 | 0 |
| Frandsen Bank & Trust SBA 7(a) record | Bank | Lonsdale, MN | 6 | $2.28M | 5 | 1 | 3 |
| Platinum Bank SBA 7(a) record | Bank | Oakdale, MN | 5 | $8.92M | 5 | 0 | 0 |
| Community Resource Bank SBA 7(a) record | Bank | Northfield, MN | 5 | $5.63M | 4 | 1 | 1 |
| Falcon National Bank SBA 7(a) record | Bank | Foley, MN | 5 | $3.69M | 5 | 0 | 0 |
| Choice Financial Group SBA 7(a) record | Bank | Fargo, ND | 5 | $1.38M | 4 | 1 | 0 |
| Drake Bank SBA 7(a) record | Bank | Saint Paul, MN | 4 | $2.95M | 4 | 0 | 1 |
| Coulee Bank SBA 7(a) record | Bank | La Crosse, WI | 3 | $9.00M | 1 | 2 | 0 |
| Bridgewater Bank SBA 7(a) record | Bank | Saint Louis Park, MN | 3 | $2.58M | 3 | 0 | 1 |
| First Bank of the Lake SBA 7(a) record | Bank | Osage Beach, MO | 3 | $1.95M | 3 | 0 | 2 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 3 | $950K | 3 | 0 | 0 |
| The Bank of Elk River SBA 7(a) record | Bank | Elk River, MN | 3 | $790K | 3 | 0 | 3 |
| First Bank & Trust SBA 7(a) record | Bank | Brookings, SD | 3 | $440K | 3 | 0 | 0 |
| BayFirst National Bank SBA 7(a) record | Bank | Saint Petersburg, FL | 3 | $318K | 3 | 0 | 0 |
| Citizens Bank SBA 7(a) record | Bank | Elizabethton, TN | 2 | $970K | 2 | 0 | 2 |
| CRF Small Business Loan Company, LLC SBA 7(a) record | Non-bank | Minneapolis, MN | 2 | $940K | 2 | 0 | 0 |
| Readycap Lending, LLC SBA 7(a) record | Non-bank | Berkeley Heights, NJ | 2 | $670K | 2 | 0 | 1 |
| Northeast Bank SBA 7(a) record | Bank | Minneapolis, MN | 2 | $465K | 1 | 1 | 0 |
| BankVista SBA 7(a) record | Bank | Sartell, MN | 2 | $405K | 2 | 0 | 0 |
| Sunrise Banks, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 2 | $245K | 2 | 0 | 2 |
| Security Bank USA SBA 7(a) record | Bank | Bemidji, MN | 2 | $125K | 2 | 0 | 1 |
| Citizens State Bank SBA 7(a) record | Bank | Hudson, WI | 2 | $100K | 2 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| Fitness and Recreational Sports Centers | 99 |
| All Other Amusement and Recreation Industries | 38 |
| Golf Courses and Country Clubs | 3 |
| Bowling Centers | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 48 |
| $150K to $350K | 29 |
| $350K to $1M | 36 |
| $1M to $2.5M | 11 |
| $2.5M or more | 13 |
- SBA lenders recorded 143 loans to gyms and fitness businesses totaling $97.4M in Minnesota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $270K, with the middle half between $78K and $560K. SBA FOIA,
- 127 were SBA 7(a) loans and 10 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.50% on 127 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 131 of the loans, credit unions 2, and non-banks 4. SBA FOIA,
- The five most active lenders made 39.9% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 23, U.S. Bank National Association with 11, and Bell Bank with 9. SBA FOIA,
- 48 of the loans were under $150K, and 24 were $1M or more. SBA FOIA,
- 6 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 39 approvals of these loans dated in the 12 months to September 30, 2026, versus 55 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 25 of the 44 lenders are based in Minnesota. The rest are based elsewhere, most often in North Dakota, Indiana and Ohio. SBA FOIA,
- The most common detailed industry in Minnesota was Fitness and Recreational Sports Centers, with 99 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to gyms and fitness 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 7139.
- 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.