Minnesota · Arts & Recreation
SBA loans for arts & recreation in Minnesota
1,011 loans worth $410.7M approved since FY2010 for arts, entertainment, and recreation projects located in Minnesota.
Loans
1,011
Approved
$410.7M
Median loan
$175,000
-23% vs sector nationally
Median rate
6.50%
Jobs supported
11,355
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 arts & recreation in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Twin Cities-Metro Certified Development Company | 46 | $51.4M | |
| Old National Bank | 81 | $47.5M | |
| Midwest Business Finance Corporation | 53 | $28.7M | |
| Wells Fargo Bank | 71 | $20.5M | |
| U.S. Bank | 85 | $17.0M | |
| Platinum Bank | 15 | $15.2M | |
| The Huntington National Bank | 42 | $13.3M | |
| Choice Financial Group | 25 | $10.2M |
Detail
Which industries inside the sector
All SBA lending in Minnesota
30,570 loans across every sector.
Arts & Recreation nationally
33,312 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to arts & recreation businesses in Minnesota?
- 1,011 SBA loans totalling $410,739,800 have been approved for arts, entertainment, and recreation projects in Minnesota since FY2010.
- Which lenders finance arts & recreation in Minnesota?
- The most active by dollars approved are Twin Cities-Metro Certified Development Company, Old National Bank, Midwest Business Finance Corporation, Wells Fargo Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for arts & recreation in Minnesota?
- The median approval is $175,000, 23% below the national median for this sector ($228,400).
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