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Minnesota · Health Care
SBA loans for health care in Minnesota
2,984 loans worth $1.36B approved since FY2010 for health care and social assistance projects located in Minnesota.
Loans
2,984
Approved
$1.36B
Median loan
$200,000
-20% vs sector nationally
Median rate
6.25%
Jobs supported
45,810
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 health care in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Twin Cities-Metro Certified Development Company | 210 | $157.8M | |
| Midwest Business Finance Corporation | 220 | $146.1M | |
| Wells Fargo Bank | 293 | $129.3M | |
| Old National Bank | 210 | $86.4M | |
| Live Oak Banking Company | 55 | $75.9M | |
| Amplio Economic Development Corporation | 97 | $69.3M | |
| BankVista | 131 | $42.1M | |
| U.S. Bank | 200 | $41.7M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for health care in Minnesota since FY2010 was $200,000. SmartBiz makes SBA 7(a) loans up to $500,000. It is shown here as a separate, labelled option, outside the data rankings on this page. You apply on their site - we do not take applications and never see your information.
Check options with SmartBizWe may be paid if you apply through this link. It does not change what we publish, and no lender can buy a place in our rankings. Details.
All SBA lending in Minnesota
30,570 loans across every sector.
Health Care nationally
105,632 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to health care businesses in Minnesota?
- 2,984 SBA loans totalling $1,362,361,900 have been approved for health care and social assistance projects in Minnesota since FY2010.
- Which lenders finance health care in Minnesota?
- The most active by dollars approved are Twin Cities-Metro Certified Development Company, Midwest Business Finance Corporation, Wells Fargo Bank, Old National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for health care in Minnesota?
- The median approval is $200,000, 20% below the national median for this sector ($250,000).
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