SBA Lenders in Minnesota

152 active SBA lenders · 7,052 loans approved · $3.2B total volume

152 Active Lenders

33 Preferred Lenders

7,052 Loans Since 2020

$3.2B Total Volume

All SBA Lenders in Minnesota

Lender	City	Loans	Total Volume	Avg Loan	Preferred
Stearns Bank National Association	SAINT CLOUD	933	$419.1M	$449K	⭐
BankVista	SARTELL	593	$290.1M	$489K	⭐
Platinum Bank	OAKDALE	358	$300.8M	$840K	⭐
Magnifi Financial CU	MELROSE	349	$96.1M	$275K	⭐
Frandsen Bank and Trust	Arden Hills	306	$169.2M	$553K	⭐
Falcon National Bank	FOLEY	284	$187.2M	$659K	⭐
CRF Small Business Loan Company, LLC	MINNEAPOLIS	281	$183.7M	$654K	⭐
21st Century Bank	LORETTO	224	$95.1M	$425K	⭐
Sunrise Banks National Association	SAINT PAUL	199	$70.3M	$353K	⭐
Granite Bank	Cold Spring	198	$49.0M	$248K	⭐
Minnwest Bank	REDWOOD FALLS	188	$113.6M	$604K	⭐
Highland Bank	St. Paul	185	$64.0M	$346K	⭐
Ultima Bank Minnesota	Winger	165	$43.6M	$264K	⭐
Security Bank USA	BEMIDJI	164	$18.8M	$115K	—
Northeast Entrepreneur Fund, Inc.	Duluth	157	$15.7M	$100K	—
Village Bank	SAINT FRANCIS	137	$106.0M	$774K	⭐
Luminate Bank	Minneapolis	118	$91.7M	$777K	—
United Prairie Bank	MOUNTAIN LAKE	108	$37.0M	$342K	⭐
First Resource Bank	LINO LAKES	104	$62.2M	$598K	⭐
Northeast Bank	MINNEAPOLIS	97	$40.1M	$413K	⭐
Red River State Bank	HALSTAD	96	$61.4M	$639K	⭐
BankCherokee	SAINT PAUL	93	$37.5M	$403K	⭐
Citizens Bank & Trust Co	Hutchinson	83	$12.4M	$150K	—
The Bank of Elk River	ELK RIVER	76	$47.0M	$619K	⭐
Drake Bank	SAINT PAUL	54	$32.9M	$610K	⭐
Pioneer Bank	MAPLETON	52	$28.6M	$550K	⭐
Merchants Bank, National Association	WINONA	51	$17.8M	$349K	⭐
Members Cooperative Credit Union	Duluth	50	$10.6M	$212K	—
Wadena State Bank	WADENA	50	$16.8M	$337K	—
VisionBank	SAINT LOUIS PARK	45	$13.4M	$298K	—
Scale Bank	EDINA	43	$14.7M	$341K	⭐
Woodlands National Bank	HINCKLEY	42	$19.9M	$474K	⭐
Bridgewater Bank	SAINT LOUIS PARK	41	$31.7M	$773K	⭐
Affinity Plus FCU	SAINT PAUL	39	$5.0M	$129K	—
Community Resource Bank	NORTHFIELD	32	$8.1M	$254K	—
Sentry Bank	SAINT JOSEPH	32	$9.9M	$308K	⭐
Kensington Bank	KENSINGTON	31	$5.6M	$179K	—
MY CU	BLOOMINGTON	30	$2.5M	$83K	—
Vantage Bank	KENT	29	$4.4M	$153K	—
The Citizens National Bank of Park Rapids	PARK RAPIDS	26	$5.8M	$222K	—
MidCountry Bank	BLOOMINGTON	26	$19.1M	$736K	⭐
United Community Bank	PERHAM	24	$1.8M	$76K	—
First Children's Finance	Minneapolis	24	$2.0M	$85K	—
Park State Bank	Duluth	23	$18.2M	$793K	—
The State Bank of Faribault	FARIBAULT	23	$4.1M	$177K	—
ProGrowth Bank	NICOLLET	22	$5.3M	$242K	—
Minnesota Lakes Bank	DELANO	21	$6.2M	$295K	—
Lake Region Bank	NEW LONDON	20	$1.9M	$93K	⭐
Security Bank & Trust Company	GLENCOE	19	$10.0M	$524K	—
Minnstar Bank National Association	LAKE CRYSTAL	19	$2.0M	$103K	⭐
Pine River State Bank	PINE RIVER	19	$1.9M	$99K	—
St Cloud Financial Credit Union	Sartell	17	$9.3M	$550K	—
EntreBank	BLOOMINGTON	17	$9.2M	$539K	—
Deerwood Bank	WAITE PARK	16	$6.4M	$400K	—
The First National Bank of Henning	OTTERTAIL	16	$4.0M	$250K	—
Northwestern Bank, National Association	DILWORTH	16	$2.1M	$129K	—
Farmers and Merchants State Bank of Pierz	PIERZ	15	$2.4M	$159K	—
North Shore Bank of Commerce	DULUTH	15	$7.0M	$464K	—
Premier Bank Minnesota	Hastings	15	$1.7M	$114K	—
North American Banking Company	ROSEVILLE	15	$4.5M	$298K	—
Community Bank Mankato	VERNON CENTER	15	$2.5M	$166K	—
Sherburne State Bank	BECKER	14	$5.8M	$412K	—
The First National Bank of Milaca	Milaca	14	$4.4M	$317K	—
Midwest Bank	DETROIT LAKES	14	$1.3M	$93K	—
Premier Bank	MAPLEWOOD	14	$1.5M	$106K	—
Prime Security Bank	KARLSTAD	14	$3.0M	$215K	⭐
Heritage Bank, National Association	SPICER	13	$9.5M	$729K	⭐
Mid Minnesota FCU	BAXTER	13	$892K	$69K	—
BANKWEST	ROCKFORD	13	$10.2M	$782K	—
Foresight Bank	PLAINVIEW	13	$2.7M	$210K	—
United Minnesota Bank	NEW LONDON	13	$3.1M	$238K	—
Alliance Bank	LAKE CITY	13	$8.6M	$658K	—
Gateway Bank	MENDOTA HEIGHTS	12	$4.0M	$334K	—
Tradition Capital Bank	WAYZATA	12	$14.3M	$1.2M	—
Viking Bank National Association	Alexandria	12	$2.3M	$195K	—
Profinium, Inc.	TRUMAN	12	$2.3M	$189K	—
Wings Financial CU	APPLE VALLEY	12	$5.2M	$432K	—
City & County CU	SAINT PAUL	11	$3.9M	$353K	—
Security State Bank of Aitkin	Aitkin	11	$1.0M	$93K	—
American National Bank of Minnesota	BAXTER	11	$980K	$89K	—
Welcome State Bank	WELCOME	11	$1.5M	$135K	—
First State Bank and Trust	BAYPORT	10	$2.5M	$250K	—
Lake Elmo Bank	LAKE ELMO	10	$12.5M	$1.2M	—
Arcadian Bank	HARTLAND	10	$7.3M	$734K	—
African Development Center	Minneapolis	9	$2.4M	$269K	—
Glenwood State Bank Incorporated	GLENWOOD	8	$7.2M	$902K	—
New Market Bank	ELKO NEW MARKET	8	$1.5M	$185K	—
Farmers & Merchants State Bank of New York Mills, Incorporat	NEW YORK MILLS	7	$1.1M	$152K	—
Community Bank Owatonna	OWATONNA	7	$655K	$94K	—
State Bank of Lake Park	LAKE PARK	7	$665K	$95K	—
North Star Bank	ROSEVILLE	7	$2.6M	$372K	—
Star Bank	MAPLE LAKE	7	$499K	$71K	—
Security Bank Minnesota	Albert Lea	7	$510K	$73K	—
Citizens Alliance Bank	CLARA CITY	7	$8.8M	$1.3M	—
First National Bank Minnesota	SAINT PETER	6	$3.7M	$624K	—
Think Mutual Bank	ROCHESTER	6	$865K	$144K	—
Northern State Bank of Virginia	VIRGINIA	6	$6.5M	$1.1M	—
Eagle Rock Bank	ROCHESTER	6	$2.5M	$414K	—
Union Bank and Trust Company	MINNEAPOLIS	5	$7.4M	$1.5M	—
Citizens Bank Minnesota	NEW ULM	5	$5.1M	$1.0M	—
WNB Financial, National Association	WINONA	5	$2.8M	$569K	—
Woodland Bank	DEER RIVER	5	$390K	$78K	—
Lakeview Bank	LAKEVILLE	5	$2.5M	$492K	—
Americana Community Bank	SLEEPY EYE	5	$830K	$166K	—
First Farmers & Merchants Bank	CANNON FALLS	5	$1.3M	$266K	—
The Northland Foundation	Duluth	4	$675K	$169K	—
SharePoint CU	BLOOMINGTON	4	$192K	$48K	—
American Heritage National Bank	LONG PRAIRIE	4	$178K	$45K	—
Western National Bank	DULUTH	4	$437K	$109K	—
Freeport State Bank	Freeport	4	$1.2M	$303K	—
Neighborhood National Bank	MORA	4	$1.9M	$484K	—
Metropolitan Economic Development Association	Minneapolis	4	$802K	$200K	—
Citizens Independent Bank	SAINT LOUIS PARK	4	$5.2M	$1.3M	—
HomeTown Bank	Carver	3	$6.4M	$2.1M	—
Citizens State Bank of Roseau	ROSEAU	3	$5.7M	$1.9M	—
Community First Bank	MENAHGA	3	$304K	$101K	—
Home State Bank	LITCHFIELD	3	$3.0M	$985K	—
Perennial Bank	DARWIN	3	$768K	$256K	—
Bonanza Valley State Bank	BROOTEN	3	$284K	$95K	—
Northwoods Bank of Minnesota	PARK RAPIDS	3	$1.4M	$453K	—
First Bank Elk River	ELK RIVER	3	$165K	$55K	—
Reliance Bank	FARIBAULT	2	$400K	$200K	—
State Bank of Chandler	CHANDLER	2	$206K	$103K	—
State Bank of Taunton	TAUNTON	2	$1.3M	$668K	—
Lake Country Community Bank	MORRISTOWN	2	$1.6M	$796K	—
The First State Bank of Rosemount	ROSEMOUNT	2	$620K	$310K	—
F and M Community Bank National Association	PRESTON	2	$393K	$197K	—
Farmers State Bank of Underwood	UNDERWOOD	2	$1.3M	$637K	—
Cornerstone State Bank	Montgomery	2	$681K	$341K	—
Riverland Bank	JORDAN	2	$425K	$213K	—
First Security Bank	BYRON	2	$3.6M	$1.8M	—
First Bank Blue Earth	BLUE EARTH	1	$50K	$50K	—
Randall State Bank	RANDALL	1	$149K	$149K	—
Prairie Sun Bank	MILAN	1	$285K	$285K	—
The First National Bank of Cokato	COKATO	1	$120K	$120K	—
Security State Bank of Hibbing	Hibbing	1	$2.0M	$2.0M	—
First State Bank of Le Center	LE CENTER	1	$210K	$210K	—
Center National Bank	LITCHFIELD	1	$50K	$50K	—
Grove Bank	Grove City	1	$300K	$300K	—
CenBank	BUFFALO LAKE	1	$100K	$100K	—
First National Bank North	WALKER	1	$1.4M	$1.4M	—
Valley Premier Bank	HAWLEY	1	$30K	$30K	—
Citizens State Bank of Waverly, Inc.	WAVERLY	1	$2.1M	$2.1M	—
B2 Bank National Association	Mountain Iron	1	$220K	$220K	—
Northern State Bank of Thief River Falls	THIEF RIVER FALLS	1	$125K	$125K	—
Peoples State Bank of Plainview	PLAINVIEW	1	$552K	$552K	—
Ideal CU	WOODBURY	1	$65K	$65K	—
Leading Edge Credit Union	Worthington	1	$64K	$64K	—
First State Bank Minnesota	LE ROY	1	$1.1M	$1.1M	—
The First State Bank of Red Wing	RED WING	1	$994K	$994K	—
Farmers and Merchants State Bank of Springfield	SPRINGFIELD	1	$150K	$150K	⭐
The First National Bank of Bemidji	BEMIDJI	1	$100K	$100K	—

Finding an SBA Lender in Minnesota

There are currently 152 SBA-approved lenders headquartered in Minnesota, ranging from national banks to local community lenders. Together they have approved 7,052 SBA 7(a) loans totaling $3.2B since 2020.

Of these, 33 are SBA Preferred Lenders — meaning they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing and funding.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days