Minnesota
Top SBA lenders in Minneapolis
Businesses in the Minneapolis area have received $1.6B across 4,291 approved SBA 7(a) & 504 loans (FY2010–present). Here are the lenders that funded the most, by real approval volume.
| # | Lender | SBA approvals in Minneapolis | Rating |
|---|---|---|---|
| 1 | Old National Bank | $146M | 2.4(49) |
| 2 | Platinum Bank | $110M | 4.3(15) |
| 3 | U.S. Bank, National Association | $102M | 2.1(31) |
| 4 | Sunrise Banks National Association | $89M | 3.1(15) |
| 5 | Wells Fargo Bank National Association | $79M | 3.0(23) |
| 6 | Choice Financial Group | $78M | 4.1(25) |
| 7 | BankVista | $56M | 4.1(28) |
| 8 | 21st Century Bank | $55M | 3.7(7) |
| 9 | Northeast Bank | $52M | 4.0(28) |
| 10 | Byline Bank | $29M | 2.5(18) |
| 11 | The Huntington National Bank | $29M | 2.2(69) |
| 12 | Bell Bank | $24M | 4.1(85) |
| 13 | Highland Bank | $24M | 3.3(35) |
| 14 | Hiawatha National Bank | $23M | 3.4(5) |
| 15 | First Resource Bank | $22M | 4.6(9) |
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present), by borrower project location. See all Minnesota SBA lenders →
SBA lenders in Minneapolis — common questions
Which SBA lender is most active in Minneapolis?
Old National Bank has approved the most SBA 7(a) & 504 funding for Minneapolis-area businesses — $146M in total. The full ranking of the most active lenders is on this page, sourced from public SBA FOIA loan-approval records.
How much SBA funding have Minneapolis businesses received?
Businesses in the Minneapolis area have received $1.6B across 4,291 approved SBA 7(a) & 504 loans since FY2010, based on public SBA FOIA loan-approval records by borrower project location.
Do I have to use an SBA lender based in Minneapolis?
No. SBA loans are federal, so a national or out-of-state lender can fund your Minneapolis business — national SBA lenders like Live Oak Bank and Newtek lend in all 50 states. A local lender helps most when your deal needs site visits or local market knowledge.
How are the top Minneapolis SBA lenders ranked?
By total gross SBA loan approvals to borrowers in the Minneapolis area, from the U.S. SBA's public FOIA 7(a) & 504 data (FY2010–present) — real approval volume, not advertising.
Getting an SBA loan in Minneapolis?
Tell us what you need and we'll match you with lenders active in your area — you choose who to talk to.
Get matched with lenders