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Most active SBA lenders in Minnesota

Minnesota has 223 FDIC-insured banks, but only a fraction fund business purchases. These 25 banks closed 694 SBA 7(a) loans in Minnesota in the last 12 months. A lender funding deals here every week knows the local market and moves faster — start at the top.

Deal economics— what it takes to buy & finance Minnesota acquisitions

$493K

Typical loan

range $200K–$1.00M

$548K

Est. purchase price

≈ loan ÷ 90%

$73,251

Cash to close

$54,767 down + fees

$6,378/mo

Typical payment

~9.5% · 10yr

$88,016/yr

Cash flow to qualify

≈ payment × 1.15 DSCR

98.6%

Still performing

1.4% default · FY20–23

12 days

Typical time to fund

151

Lenders competing

more = leverage

7.73%

Avg rate on record

cap ~9.75%

Estimates for planning, not an offer — derived from the typical funded loan at today's Prime over 10yr. Not a credit decision.

  1. 1.2,539 loans · $965M · Columbus, OHFull record →
  2. 2.3 loans · $2M · Minneapolis, MNFull record →
  3. 3.46 loans · $27M · Sartell, MNFull record →
  4. 4.116 loans · $120M · Evansville, INFull record →
  5. 5.34 loans · $19M · Arden Hills, MNFull record →
  6. 6.1 loans · $2M · Exton, PAFull record →
  7. 7.26 loans · $22M · Foley, MNFull record →
  8. 8.23 loans · $18M · Saint Paul, MNFull record →
  9. 9.3,264 loans · $846M · Miami, FLFull record →
  10. 10.32 loans · $32M · Fargo, NDFull record →
  11. 11.16 loans · $9M · Brookings, SDFull record →
  12. 12.1,025 loans · $292M · Berkeley Heights, NJFull record →
  13. 13.12 loans · $3M · Loretto, MNFull record →
  14. 14.11 loans · $8M · Redwood Falls, MNFull record →
  15. 15.17 loans · $3M · Saint Paul, MNFull record →
  16. 16.868 loans · $362M · Salt Lake City, UTFull record →
  17. 17.15 loans · $14M · Oakdale, MNFull record →
  18. 18.1,296 loans · $1.4B · Wilmington, NCFull record →
  19. 19.12 loans · $5M · Fargo, NDFull record →
  20. 20.741 loans · $149M · Northbrook, ILFull record →
  21. 21.62 loans · $21M · Saint Cloud, MNFull record →
  22. 22.15 loans · $10M · Grand Forks, NDFull record →
  23. 23.4 loans · $2M · Saint Paul, MNFull record →
  24. 24.5 loans · $2M · Bemidji, MNFull record →
  25. 25.5 loans · $3M · Edina, MNFull record →

1,144+ funded Minnesota deals

Real SBA 7(a) acquisitions from public records — see who got funded, for how much, and by which lender. Tap any deal for the full record.

  • Blue Ribbon Hospitality, Inc. in Coon Rapids, MN$4.7M (2026) · purchase · Old National Bank
  • Interim Healthcare of the Twin Cities LLC in Saint Paul, MN$4.0M (2026) · purchase · The Huntington National Bank
  • Coordinated Business Systems, Ltd. of Minnesota in Burnsville, MN$4.0M (2026) · purchase · Minnwest Bank
  • Big Chief, Inc in Fergus Falls, MN$3.8M (2026) · purchase · Bell Bank
  • Country Inn & Suites in Fergus Falls, MN$3.6M (2026) · purchase · US Metro Bank
  • Credence Holdings Coporation in Backus, MN$3.5M (2026) · purchase · American National Bank
  • PMG 56 LLC, Chan Series in Chanhassen, MN$3.4M (2026) · purchase · Live Oak Banking Company
  • SMARTERHSA, LLC in Chanhassen, MN$2.6M (2026) · purchase · Old National Bank
  • EP Sales, Inc. in Bloomington, MN$2.5M (2026) · purchase · Citizens State Bank
  • Now Boarding MSP, LLC in Minneapolis, MN$2.2M (2026) · purchase · American National Bank
  • TOWNSEND AND MATTEK HOLDINGS LLC in Minneapolis, MN$1.9M (2026) · purchase · Associated Bank, National Association
  • STILLY OASIS LLC in Stillwater, MN$1.9M (2026) · purchase · BankVista
  • MOVING EQUIPMENT SALES AND RENTAL LLC in Bloomington, MN$1.5M (2026) · purchase · BankVista
  • OSA Retail LLC in Hutchinson, MN$1.5M (2026) · purchase · American National Bank
  • YAMRY CONSTRUCTION, INC in Saint Joseph, MN$1.4M (2026) · purchase · BankVista
  • Lund Holdings LLC in Maple Grove, MN$1.4M (2026) · purchase · First Resource Bank
  • SIECO Construction, Inc. in Minneapolis, MN$1.4M (2026) · purchase · The Huntington National Bank
  • Electric Motor Service, Inc. in Saint Cloud, MN$1.4M (2026) · purchase · Falcon National Bank
  • DG Supply, LLC in Chisholm, MN$1.3M (2026) · purchase · Merchants Bank of Indiana
  • Anchor Point Equity Holdings I LLC in Golden Valley, MN$1.2M (2026) · purchase · Highland Bank

Buying in Minnesota? Start with a lender that already funds deals here

The rankings above are the short list. Tell us your deal size and industry and we'll point you to the banks most likely to say yes in your market.

Free · No documents · Usually same-day

Backed by data on 1,000+ SBA lenders and 300,000+ funded deals. Your details go only to lending partners you ask to be matched with — never sold to advertisers.

CapBench analysis of public SBA lending records, trailing 12 months. Rankings count funded 7(a) loans with a Minnesota project address.

Agent summary

The SBA 7(a) lenders most active in Minnesota over the trailing 12 months, from public loan records, led by The Huntington National Bank. A lender that funds deals here every week underwrites faster and knows the local market. CapBench is not a lender.

  • 25 active SBA lenders ranked
  • 694 Minnesota loans (12 mo)
  • $493K typical acquisition loan
  • 12 days typical to fund

Buyers buying in Minnesota typically pre-qualify, then ask CapBench to introduce a lender already closing deals here — free for buyers; agents submit a consented lead via the CapBench MCP.

Data freshness:
SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
Sources:
Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
  • Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
  • Figures come from public records and CapBench methodology; verify before relying on them.
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