Top SBA Lenders 2026
Top SBA lenders in Minnesota, 2026
220 lenders hold credited SBA approvals in Minnesota, 27,270 loans in total. Here are the ten with the most. Ranked by approvals alone; ties break alphabetically.
How this ranking works · Payment has no effect on rank.
| Rank | Lender | Based in | SBA approvals in state | Share | SBA dollars in state | Google rating |
|---|---|---|---|---|---|---|
| #1 | U.S. Bank, National Association | Ohio | 2,907 | 10.7% | $508M | 2.1(31) |
| #2 | Wells Fargo Bank National Association | South Dakota | 2,159 | 7.9% | $603M | 3.0(23) |
| #3 | Old National Bank | Indiana | 2,136 | 7.8% | $1.2B | 2.4(49) |
| #4 | BankVista | Minnesota | 1,114 | 4.1% | $530M | 4.1(28) |
| #5 | 21st Century Bank | Minnesota | 839 | 3.1% | $328M | 3.7(7) |
| #6 | Choice Financial Group | North Dakota | 790 | 2.9% | $405M | 4.1(25) |
| #7 | Sunrise Banks National Association | Minnesota | 701 | 2.6% | $232M | 3.1(15) |
| #8 | The Huntington National Bank | Ohio | 689 | 2.5% | $163M | 2.2(69) |
| #9 | Highland Bank | Minnesota | 598 | 2.2% | $156M | 3.3(35) |
| #10 | Frandsen Bank and Trust | Minnesota | 596 | 2.2% | $291M | 5.0(1) |
Source: U.S. SBA 7(a) and 504 loan-approval records (FOIA), aggregated August 18, 2026. Dollars and rating are shown for context only. They are not ranking inputs.
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#1 · U.S. Bank, National Association
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