Minnesota · Education
SBA loans for education in Minnesota
320 loans worth $128.9M approved since FY2010 for educational services projects located in Minnesota.
Loans
320
Approved
$128.9M
Median loan
$141,650
-6% vs sector nationally
Median rate
6.99%
Jobs supported
4,772
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 education in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Wells Fargo Bank | 32 | $11.3M | |
| Twin Cities-Metro Certified Development Company | 15 | $10.9M | |
| Midwest Business Finance Corporation | 9 | $10.4M | |
| Bell Bank | 4 | $9.0M | |
| Bridgewater Bank | 4 | $7.2M | |
| Live Oak Banking Company | 2 | $7.0M | |
| Choice Financial Group | 14 | $6.9M | |
| Platinum Bank | 9 | $6.9M |
Detail
Which industries inside the sector
All SBA lending in Minnesota
30,570 loans across every sector.
Education nationally
15,349 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to education businesses in Minnesota?
- 320 SBA loans totalling $128,876,200 have been approved for educational services projects in Minnesota since FY2010.
- Which lenders finance education in Minnesota?
- The most active by dollars approved are Wells Fargo Bank, Twin Cities-Metro Certified Development Company, Midwest Business Finance Corporation, Bell Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for education in Minnesota?
- The median approval is $141,650, 6% below the national median for this sector ($150,000).
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