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Small business loans are available from many SBA lenders. Here are the most active Saint Paul SBA lenders:
Top SBA Lenders in Saint Paul
| Rank | SBA Lender | SBA Lender HQs | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|---|
| 1 | U.S. Bank | Cincinnati, OH | 110 | $144,709 | 9.8% |
| 2 | Huntington Bank | Columbus, OH | 41 | $309,554 | 10.2% |
| 3 | Port 51 Lending | Green Bay, WI | 21 | $757,086 | 8.5% |
| 4 | Green Bay, WI | 21 | $757,086 | 8.5% | |
| 5 | Associated Bank | Green Bay, WI | 21 | $757,086 | 8.5% |
| 6 | Drake Bank | Saint Paul, MN | 12 | $380,408 | 10.0% |
| 7 | Old National Bank | Evansville, IN | 11 | $1,467,545 | 8.5% |
| 8 | Hiawatha National Bank | Hager City, WI | 11 | $303,782 | 9.0% |
| 9 | First Resource Bank | Lino Lakes, MN | 10 | $813,740 | 9.3% |
| 10 | BankVista | Sartell, MN | 10 | $621,460 | 9.4% |
| 11 | BayFirst National Bank | Saint Petersburg, FL | 10 | $122,440 | 12.8% |
| 12 | Northeast Bank | Minneapolis, MN | 9 | $737,667 | 8.3% |
| 13 | Minnwest Bank | Redwood Falls, MN | 9 | $703,000 | 10.2% |
| 14 | BankCherokee | Saint Paul, MN | 8 | $359,013 | 10.4% |
| 15 | Wells Fargo | Sioux Falls, SD | 7 | $125,786 | 11.4% |
| 16 | Celtic Bank | Salt Lake City, UT | 6 | $353,667 | 9.7% |
| 17 | Newtek Bank | Miami, FL | 6 | $350,000 | 11.5% |
| 18 | Bell Bank | Fargo, ND | 5 | $623,260 | 10.6% |
| 19 | Choice Financial Group | Fargo, ND | 5 | $232,400 | 9.1% |
| 20 | Coulee Bank | La Crosse, WI | 4 | $313,625 | 10.4% |
Top Industries for SBA Loans in St. Paul
| Rank | Industry | # Loans | Avg Loan | Avg Interest |
|---|---|---|---|---|
| 2 | Advertising Material Distribution Services | 2 | $825,000 | 11.0% |
| 7 | All Other Home Furnishings Retailers | 3 | $56,500 | 9.6% |
| 5 | Automotive Glass Replacement Shops | 2 | $40,000 | 9.5% |
| 16 | Barber Shops | 2 | $171,500 | 10.8% |
| 20 | Beer, Wine, and Liquor Retailers | 2 | $603,000 | 9.8% |
| 2 | Book Publishers | 2 | $5,000 | 9.2% |
| 9 | Commercial Screen Printing | 4 | $372,875 | 9.0% |
| 19 | Cosmetics, Beauty Supplies, and Perfume Retailers | 2 | $50,000 | 10.7% |
| 17 | Engineering Services | 3 | $533,333 | 10.0% |
| 11 | Freight Transportation Arrangement | 4 | $744,550 | 9.0% |
| 8 | Hobby, Toy, and Game Retailers | 2 | $240,500 | 10.1% |
| 1 | Ice Cream and Frozen Dessert Manufacturing | 2 | $10,000 | 10.5% |
| 10 | Jewelry Retailers | 4 | $32,500 | 10.0% |
| 17 | Nail Salons | 2 | $23,000 | 8.7% |
| 20 | Offices of Real Estate Agents and Brokers | 3 | $100,667 | 8.7% |
| 5 | Other Foundation, Structure, and Building Exterior Contractors | 4 | $34,250 | 10.9% |
| 12 | Other Miscellaneous Durable Goods Merchant Wholesalers | 2 | $10,000 | 11.0% |
| 2 | Other Motion Picture and Video Industries | 2 | $201,000 | 7.8% |
| 12 | Other Scientific and Technical Consulting Services | 2 | $675,000 | 10.0% |
| 5 | Other Services Related to Advertising | 2 | $198,000 | 10.5% |
| 7 | Pet and Pet Supplies Retailers | 2 | $25,000 | 12.2% |
| 2 | Professional Employer Organizations | 2 | $50,000 | 10.5% |
| 18 | Residential Property Managers | 2 | $22,000 | 9.5% |
| 19 | Roofing Contractors | 2 | $50,000 | 12.7% |
| 11 | Sporting Goods Retailers | 4 | $154,250 | 10.1% |
| 18 | Sports and Recreation Instruction | 5 | $65,740 | 9.2% |
| 16 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 5 | $192,000 | 9.9% |
| 2 | Transportation Equipment and Supplies (except Motor Vehicle) Merchant Wholesalers | 2 | $187,500 | 10.0% |
Many entrepreneurs search SbaLenders.com for “business loans near me” or “SBA lenders near me,” but the reality is often times the best banks for Saint Paul 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.