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Minnesota · Management
SBA loans for management in Minnesota
28 loans worth $16.0M approved since FY2010 for management of companies and enterprises projects located in Minnesota.
Loans
28
Approved
$16.0M
Median loan
$353,400
+1% vs sector nationally
Median rate
6.38%
Jobs supported
313
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 management in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Live Oak Banking Company | 3 | $5.1M | |
| MidCountry Bank | 3 | $3.0M | |
| 21st Century Bank | 5 | $2.4M | |
| Citizens Bank & Trust Co | 3 | $1.5M | |
| Northeast Entrepreneur Fund, Inc. | 6 | $1.5M | |
| Frandsen Bank and Trust | 2 | $1.0M | |
| Highland Bank | 1 | $563K | |
| Alerus Financial | 1 | $350K |
Detail
Which industries inside the sector
| Industry | Loans | Share |
|---|---|---|
| Offices of Other Holding Companies | 28 |
An SBA 7(a) lender for loans this size
The median SBA loan approved for management in Minnesota since FY2010 was $353,400. 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.
Management nationally
634 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to management businesses in Minnesota?
- 28 SBA loans totalling $16,018,600 have been approved for management of companies and enterprises projects in Minnesota since FY2010.
- Which lenders finance management in Minnesota?
- The most active by dollars approved are Live Oak Banking Company, MidCountry Bank, 21st Century Bank, Citizens Bank & Trust Co. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for management in Minnesota?
- The median approval is $353,400.
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