Minnesota · Manufacturing
SBA loans for manufacturing in Minnesota
793 loans worth $376.4M approved since FY2010 for manufacturing projects located in Minnesota.
Loans
793
Approved
$376.4M
Median loan
$225,000
+13% vs sector nationally
Median rate
6.00%
Jobs supported
12,354
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 manufacturing in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Midwest Business Finance Corporation | 77 | $58.5M | |
| Twin Cities-Metro Certified Development Company | 22 | $24.7M | |
| BankVista | 36 | $24.6M | |
| Pioneer Bank | 16 | $16.7M | |
| Old National Bank | 44 | $16.5M | |
| Amplio Economic Development Corporation | 16 | $14.5M | |
| Sunrise Banks | 30 | $13.1M | |
| Minnwest Bank | 17 | $11.4M |
Detail
Which industries inside the sector
All SBA lending in Minnesota
30,570 loans across every sector.
Manufacturing nationally
21,271 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to manufacturing businesses in Minnesota?
- 793 SBA loans totalling $376,379,900 have been approved for manufacturing projects in Minnesota since FY2010.
- Which lenders finance manufacturing in Minnesota?
- The most active by dollars approved are Midwest Business Finance Corporation, Twin Cities-Metro Certified Development Company, BankVista, Pioneer Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for manufacturing in Minnesota?
- The median approval is $225,000, 13% above the national median for this sector ($200,000).
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