Minnesota · Construction
SBA loans for construction in Minnesota
3,591 loans worth $1.11B approved since FY2010 for construction projects located in Minnesota.
Loans
3,591
Approved
$1.11B
Median loan
$103,000
+3% vs sector nationally
Median rate
6.50%
Jobs supported
33,877
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 construction in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Old National Bank | 204 | $100.5M | |
| Twin Cities-Metro Certified Development Company | 103 | $55.8M | |
| Midwest Business Finance Corporation | 111 | $55.3M | |
| BankVista | 105 | $52.0M | |
| Wells Fargo Bank | 249 | $45.4M | |
| U.S. Bank | 663 | $42.2M | |
| Platinum Bank | 63 | $40.2M | |
| Choice Financial Group | 71 | $39.3M |
Detail
Which industries inside the sector
All SBA lending in Minnesota
30,570 loans across every sector.
Construction nationally
115,753 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to construction businesses in Minnesota?
- 3,591 SBA loans totalling $1,112,315,600 have been approved for construction projects in Minnesota since FY2010.
- Which lenders finance construction in Minnesota?
- The most active by dollars approved are Old National Bank, Twin Cities-Metro Certified Development Company, Midwest Business Finance Corporation, BankVista. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for construction in Minnesota?
- The median approval is $103,000.
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