SBA Loans – Minneapolis

Last update: Apr 19, 2024

Small business loans in Minneapolis are available from many SBA lenders. Here are the most active Minneapolis SBA lenders:

Top SBA Lenders in Minneapolis

RankSBA LenderHeadquarters# Loans Avg LoanAvg Interest
1U.S. BankCincinnati, OH64 $72,1919.0%
2Huntington BankColumbus, OH15 $89,37310.1%
3Northeast BankMinneapolis, MN8 $496,8758.1%
4BankVistaSartell, MN7 $375,64310.0%
5BayFirst National BankSaint Petersburg, FL6 $125,60012.6%
6Wells FargoSioux Falls, SD5 $382,48011.6%
7Platinum BankOakdale, MN4 $861,00010.5%
8Alerus FinancialGrand Forks, ND4 $691,1758.2%
9Hiawatha National BankHager City, WI4 $655,6258.9%
10First Western Bank & TrustMinot, ND4 $175,0008.6%

Top Industries for SBA Loans in Minneapolis

RankIndustry# Loans Avg LoanAvg Interest
1Full-Service Restaurants10 $261,5309.2%
2Painting and Wall Covering Contractors7 $32,7719.5%
3Snack and Nonalcoholic Beverage Bars6 $145,8339.0%
4Other Scientific and Technical Consulting Services6 $78,66710.5%
5Residential Remodelers5 $27,2008.5%
6Breweries4 $1,441,3758.9%
7Locksmiths4 $598,2509.1%
8Limited-Service Restaurants4 $590,7259.6%
9Motor Vehicle Towing4 $489,7507.6%
10Automotive Body, Paint, and Interior Repair and Maintenance4 $187,25010.0%

  Connect me to a Minneapolis lender!  

Many entrepreneurs search for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Minneapolis SBA loans are not local but national SBA preferred lenders. Connect with us and we can connect you today with local or national SBA banks that are small business loan experts.