SBA by industry · MN
SBA lenders for trucking companies in Minnesota
35 lenders made 96 SBA loans to trucking companies in Minnesota in the 36 months ending September 30, 2026. The Huntington National Bank made the most, with 13. The typical loan was about $120K.
- Evidence
- SBA 7(a) and 504 loans to trucking companies in Minnesota, NAICS 484
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 12, 2026
- Lenders on record
- 35
- SBA FOIA,
- SBA loans, 36 months
- 96
- SBA FOIA,
- 7(a) net of cancelled; 504 funded first liens
- Dollars, 36 months
- $30.4M
- SBA FOIA,
- Last 12 months
- 15
- SBA FOIA,
Cite this
Source: The Lender Report, SBA lenders for trucking companies in Minnesota, https://lender.report/sba-lenders-for/trucking/minnesota/, data as of September 30, 2026.
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| Lender | Kind | Based in | Loans | Dollars | 7(a) | 504 | Last 12 months |
|---|---|---|---|---|---|---|---|
| The Huntington National Bank SBA 7(a) record | Bank | Columbus, OH | 13 | $799K | 13 | 0 | 0 |
| Granite Bank SBA 7(a) record | Bank | Cold Spring, MN | 10 | $1.28M | 10 | 0 | 0 |
| Hiawatha National Bank SBA 7(a) record | Bank | Hager City, WI | 6 | $900K | 6 | 0 | 0 |
| Old National Bank SBA 7(a) record | Bank | Evansville, IN | 5 | $4.29M | 5 | 0 | 1 |
| Security Bank USA SBA 7(a) record | Bank | Bemidji, MN | 4 | $150K | 4 | 0 | 0 |
| Wells Fargo Bank, National Association SBA 7(a) record | Bank | Sioux Falls, SD | 4 | $65.0K | 4 | 0 | 0 |
| Minnwest Bank SBA 7(a) record | Bank | Redwood Falls, MN | 3 | $1.41M | 3 | 0 | 0 |
| Nicolet National Bank SBA 7(a) record | Bank | Green Bay, WI | 3 | $432K | 3 | 0 | 2 |
| Associated Bank, National Association SBA 7(a) record | Bank | Green Bay, WI | 3 | $373K | 3 | 0 | 2 |
| Northeast Bank SBA 7(a) record | Bank | Portland, ME | 3 | $250K | 3 | 0 | 0 |
| Northeast Bank SBA 7(a) record | Bank | Minneapolis, MN | 2 | $1.92M | 2 | 0 | 1 |
| Choice Financial Group SBA 7(a) record | Bank | Fargo, ND | 2 | $1.57M | 2 | 0 | 0 |
| Newtek Bank, National Association SBA 7(a) record | Bank | Miami, FL | 2 | $1.10M | 2 | 0 | 2 |
| BankVista SBA 7(a) record | Bank | Sartell, MN | 2 | $1.00M | 2 | 0 | 1 |
| Bell Bank SBA 7(a) record | Bank | Fargo, ND | 2 | $770K | 2 | 0 | 0 |
| The Bank of Elk River SBA 7(a) record | Bank | Elk River, MN | 2 | $443K | 2 | 0 | 2 |
| Lendistry SBLC, LLC SBA 7(a) record | Non-bank | Los Angeles, CA | 2 | $143K | 2 | 0 | 0 |
| Merchants Bank, National Association SBA 7(a) record | Bank | Winona, MN | 2 | $125K | 2 | 0 | 0 |
| MY Credit Union SBA 7(a) record | Credit union | Bloomington, MN | 2 | $105K | 2 | 0 | 0 |
| Pine River State Bank SBA 7(a) record | Bank | Pine River, MN | 2 | $88.0K | 2 | 0 | 0 |
| U.S. Bank National Association SBA 7(a) record | Bank | Cincinnati, OH | 1 | $1.30M | 1 | 0 | 1 |
| ST. Cloud Financial Credit Union SBA 7(a) record | Credit union | Sartell, MN | 1 | $1.00M | 1 | 0 | 0 |
| Farmers & Merchants Savings Bank SBA 7(a) record | Bank | Manchester, IA | 1 | $960K | 1 | 0 | 0 |
| United Prairie Bank | Bank | Mountain Lake, MN | 1 | $950K | 1 | 0 | 1 |
| Platinum Bank SBA 7(a) record | Bank | Oakdale, MN | 1 | $860K | 1 | 0 | 0 |
Dollars are approval amounts, rounded to 2 significant figures per loan, net of cancelled approvals.
| Industry | Loans |
|---|---|
| General Freight Trucking, Local | 41 |
| Specialized Freight (except Used Goods) Trucking, Local | 22 |
| General Freight Trucking, Long-Distance, Truckload | 21 |
| Used Household and Office Goods Moving | 7 |
| General Freight Trucking, Long-Distance, Less Than Truckload | 3 |
| Specialized Freight (except Used Goods) Trucking, Long-Distance | 2 |
| Loan size | Loans |
|---|---|
| Under $150K | 48 |
| $150K to $350K | 23 |
| $350K to $1M | 12 |
| $1M to $2.5M | 6 |
| $2.5M or more | 0 |
- SBA lenders recorded 96 loans to trucking companies totaling $30.4M in Minnesota in the 36 months ending September 30, 2026, excluding cancelled approvals. SBA FOIA,
- The typical loan was about $120K, with the middle half between $50K and $220K. SBA FOIA,
- 89 were SBA 7(a) loans and 0 were SBA 504 first liens. SBA FOIA,
- SBA 7(a) lenders reported a median initial rate of 9.50% on 89 loans. SBA FOIA,
- The median term was 10 years. SBA FOIA,
- Banks and savings institutions made 82 of the loans, credit unions 5, and non-banks 2. SBA FOIA,
- The five most active lenders made 39.6% of the loans. SBA FOIA,
- The three most active lenders were The Huntington National Bank with 13, Granite Bank with 10, and Hiawatha National Bank with 6. SBA FOIA,
- 48 of the loans were under $150K, and 6 were $1M or more. SBA FOIA,
- 7 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 15 approvals of these loans dated in the 12 months to September 30, 2026, versus 39 in the 12 months before. Both counts leave out cancelled approvals and include 504 approvals not yet funded. SBA FOIA,
- 20 of the 35 lenders are based in Minnesota. The rest are based elsewhere, most often in North Dakota, Wisconsin and Ohio. SBA FOIA,
- The most common detailed industry in Minnesota was General Freight Trucking, Local, with 41 loans. SBA FOIA,
How this list is defined
- Measure
- SBA loans made to trucking companies 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 484.
- 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.