Minnesota · Other Services
SBA loans for other services in Minnesota
2,642 loans worth $848.7M approved since FY2010 for other services (except public administration) projects located in Minnesota.
Loans
2,642
Approved
$848.7M
Median loan
$150,000
-4% vs sector nationally
Median rate
6.25%
Jobs supported
22,364
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 other services in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Old National Bank | 156 | $76.3M | |
| Twin Cities-Metro Certified Development Company | 111 | $64.5M | |
| Midwest Business Finance Corporation | 155 | $53.2M | |
| U.S. Bank | 294 | $53.1M | |
| Wells Fargo Bank | 204 | $47.4M | |
| Amplio Economic Development Corporation | 72 | $26.6M | |
| Live Oak Banking Company | 11 | $21.8M | |
| Frandsen Bank and Trust | 56 | $20.2M |
Detail
Which industries inside the sector
All SBA lending in Minnesota
30,570 loans across every sector.
Other Services nationally
97,019 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to other services businesses in Minnesota?
- 2,642 SBA loans totalling $848,709,700 have been approved for other services (except public administration) projects in Minnesota since FY2010.
- Which lenders finance other services in Minnesota?
- The most active by dollars approved are Old National Bank, Twin Cities-Metro Certified Development Company, Midwest Business Finance Corporation, U.S. Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for other services in Minnesota?
- The median approval is $150,000.
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