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Minnesota · Professional Services
SBA loans for professional services in Minnesota
2,555 loans worth $754.0M approved since FY2010 for professional, scientific, and technical services projects located in Minnesota.
Loans
2,555
Approved
$754.0M
Median loan
$100,000
-33% vs sector nationally
Median rate
6.50%
Jobs supported
22,815
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 professional services in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Old National Bank | 148 | $66.5M | |
| U.S. Bank | 434 | $57.9M | |
| Wells Fargo Bank | 263 | $40.7M | |
| Choice Financial Group | 93 | $36.5M | |
| Twin Cities-Metro Certified Development Company | 57 | $35.3M | |
| Midwest Business Finance Corporation | 69 | $34.8M | |
| Platinum Bank | 54 | $28.1M | |
| Amplio Economic Development Corporation | 42 | $27.4M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for professional services in Minnesota since FY2010 was $100,000. 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.
Professional Services nationally
101,046 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to professional services businesses in Minnesota?
- 2,555 SBA loans totalling $753,969,100 have been approved for professional, scientific, and technical services projects in Minnesota since FY2010.
- Which lenders finance professional services in Minnesota?
- The most active by dollars approved are Old National Bank, U.S. Bank, Wells Fargo Bank, Choice Financial Group. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for professional services in Minnesota?
- The median approval is $100,000, 33% below the national median for this sector ($150,000).
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