How many SBA loans go to restaurants & hotels businesses in Minnesota?

3,567 SBA loans totalling $1,570,384,900 have been approved for accommodation and food services projects in Minnesota since FY2010.

Which lenders finance restaurants & hotels in Minnesota?

The most active by dollars approved are Midwest Business Finance Corporation, Twin Cities-Metro Certified Development Company, Amplio Economic Development Corporation, Old National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.

What is a typical loan size for restaurants & hotels in Minnesota?

The median approval is $245,000, 18% below the national median for this sector ($300,000).

Minnesota · Restaurants & Hotels

SBA loans for restaurants & hotels in Minnesota

3,567 loans worth $1.57B approved since FY2010 for accommodation and food services projects located in Minnesota.

Loans

3,567

Approved

$1.57B

Median loan

$245,000

-18% vs sector nationally

Median rate

6.00%

Jobs supported

67,596

Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.

Lenders

Who lends to restaurants & hotels in Minnesota

Lender	Loans	Approved
Midwest Business Finance Corporation	449	$298.5M
Twin Cities-Metro Certified Development Company	135	$128.3M
Amplio Economic Development Corporation	112	$82.9M
Old National Bank	148	$60.8M
Sunrise Banks	211	$59.1M
BankVista	147	$53.7M
Choice Financial Group	76	$39.8M
Southeastern Minnesota 504 Development Corporation	61	$39.6M

Detail

Which industries inside the sector

Industry	Loans	Share
Full-Service Restaurants	1,147
Limited-Service Restaurants	744
Hotels (except Casino Hotels) and Motels	357
Full-Service Restaurants	263
Drinking Places	243
Snack and Nonalcoholic Beverage Bars	192
Limited-Service Restaurants	147
RV (Recreational Vehicle) Parks and Campgrounds	102

All SBA lending in Minnesota

30,570 loans across every sector.

Restaurants & Hotels nationally

137,471 loans across all states.

How SBA 7(a) works

Eligibility, caps, fees, and the timeline.

Common questions

How many SBA loans go to restaurants & hotels businesses in Minnesota?: 3,567 SBA loans totalling $1,570,384,900 have been approved for accommodation and food services projects in Minnesota since FY2010.
Which lenders finance restaurants & hotels in Minnesota?: The most active by dollars approved are Midwest Business Finance Corporation, Twin Cities-Metro Certified Development Company, Amplio Economic Development Corporation, Old National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
What is a typical loan size for restaurants & hotels in Minnesota?: The median approval is $245,000, 18% below the national median for this sector ($300,000).

We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.