Minnesota · Agriculture
SBA loans for agriculture in Minnesota
546 loans worth $245.3M approved since FY2010 for agriculture, forestry, fishing and hunting projects located in Minnesota.
Loans
546
Approved
$245.3M
Median loan
$175,000
-13% vs sector nationally
Median rate
5.50%
Jobs supported
2,984
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 agriculture in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Midwest Business Finance Corporation | 45 | $40.3M | |
| Red River State Bank | 66 | $34.6M | |
| Ultima Bank Minnesota | 81 | $17.2M | |
| Wells Fargo Bank | 41 | $15.6M | |
| Old National Bank | 16 | $13.0M | |
| Wadena State Bank | 10 | $8.4M | |
| Stearns Bank | 15 | $8.3M | |
| Amplio Economic Development Corporation | 7 | $8.0M |
Detail
Which industries inside the sector
All SBA lending in Minnesota
30,570 loans across every sector.
Agriculture nationally
13,339 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to agriculture businesses in Minnesota?
- 546 SBA loans totalling $245,251,400 have been approved for agriculture, forestry, fishing and hunting projects in Minnesota since FY2010.
- Which lenders finance agriculture in Minnesota?
- The most active by dollars approved are Midwest Business Finance Corporation, Red River State Bank, Ultima Bank Minnesota, Wells Fargo Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for agriculture in Minnesota?
- The median approval is $175,000, 13% below the national median for this sector ($200,000).
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