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Minnesota · Retail
SBA loans for retail in Minnesota
2,478 loans worth $983.3M approved since FY2010 for retail trade projects located in Minnesota.
Loans
2,478
Approved
$983.3M
Median loan
$192,000
-23% vs sector nationally
Median rate
6.00%
Jobs supported
24,015
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 retail in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Midwest Business Finance Corporation | 177 | $96.9M | |
| Twin Cities-Metro Certified Development Company | 114 | $95.8M | |
| Amplio Economic Development Corporation | 85 | $54.1M | |
| Old National Bank | 110 | $48.2M | |
| U.S. Bank | 168 | $44.1M | |
| Wells Fargo Bank | 145 | $30.6M | |
| Falcon National Bank | 61 | $29.8M | |
| BankVista | 50 | $20.6M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for retail in Minnesota since FY2010 was $192,000. 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.
Retail nationally
91,542 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to retail businesses in Minnesota?
- 2,478 SBA loans totalling $983,346,300 have been approved for retail trade projects in Minnesota since FY2010.
- Which lenders finance retail in Minnesota?
- The most active by dollars approved are Midwest Business Finance Corporation, Twin Cities-Metro Certified Development Company, Amplio Economic Development Corporation, Old National Bank. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for retail in Minnesota?
- The median approval is $192,000, 23% below the national median for this sector ($250,000).
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