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African Development Center

Minneapolis, MN 55454

9
Loans Approved
$2.4M
Total Volume
$269K
Avg Loan Size
1
States Served

States Served

Minnesota

Top Industries Financed

  • Full-Service Restaurants
  • Ice Manufacturing
  • Offices of Mental Health Practitioners (except Physicians)
  • Offices of Physicians (except Mental Health Specialists)
  • Fruit and Vegetable Canning

Quick Summary

African Development Center is an SBA-approved lender headquartered in Minneapolis, Minnesota. Since 2020, they have approved 9 SBA 7(a) loans totaling $2.4M, with an average loan size of $269K. They primarily serve Minnesota businesses.

About African Development Center

African Development Center is an SBA-approved lender headquartered in Minneapolis, Minnesota. Since 2020, they have approved 9 SBA 7(a) loans totaling $2.4M, with an average loan size of $269K. They primarily serve businesses in Minnesota.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is African Development Center an SBA Preferred Lender?

African Development Center is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.

How many SBA loans has African Development Center approved?

According to SBA FOIA public records, African Development Center has approved 9 SBA 7(a) loans totaling $2.4M since 2020. Their average loan size is $269K.

What states does African Development Center serve?

African Development Center primarily serves businesses in Minnesota.

How do I apply for an SBA loan with African Development Center?

To apply for an SBA 7(a) loan with African Development Center, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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