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Minnesota · Information
SBA loans for information in Minnesota
346 loans worth $107.0M approved since FY2010 for information projects located in Minnesota.
Loans
346
Approved
$107.0M
Median loan
$125,250
-17% vs sector nationally
Median rate
6.25%
Jobs supported
4,252
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 information in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Old National Bank | 32 | $19.9M | |
| U.S. Bank | 64 | $10.8M | |
| Choice Financial Group | 22 | $10.2M | |
| Minnwest Bank | 3 | $5.2M | |
| Stearns Bank | 5 | $4.7M | |
| First Interstate Bank | 1 | $4.1M | |
| BankVista | 7 | $3.7M | |
| Wells Fargo Bank | 28 | $3.3M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for information in Minnesota since FY2010 was $125,250. 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.
Information nationally
11,001 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to information businesses in Minnesota?
- 346 SBA loans totalling $106,989,800 have been approved for information projects in Minnesota since FY2010.
- Which lenders finance information in Minnesota?
- The most active by dollars approved are Old National Bank, U.S. Bank, Choice Financial Group, Minnwest Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for information in Minnesota?
- The median approval is $125,250, 17% below the national median for this sector ($150,000).
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