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Minnesota · Transportation
SBA loans for transportation in Minnesota
1,151 loans worth $397.0M approved since FY2010 for transportation and warehousing projects located in Minnesota.
Loans
1,151
Approved
$397.0M
Median loan
$112,200
+75% vs sector nationally
Median rate
6.45%
Jobs supported
11,922
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 transportation in Minnesota
| Lender | Loans | Approved | Share |
|---|---|---|---|
| Midwest Business Finance Corporation | 48 | $38.3M | |
| Old National Bank | 66 | $38.1M | |
| Wells Fargo Bank | 110 | $24.7M | |
| Twin Cities-Metro Certified Development Company | 23 | $20.9M | |
| BankVista | 43 | $19.8M | |
| Falcon National Bank | 29 | $14.5M | |
| Choice Financial Group | 19 | $13.8M | |
| Central Minnesota Development Company | 6 | $10.6M |
Detail
Which industries inside the sector
An SBA 7(a) lender for loans this size
The median SBA loan approved for transportation in Minnesota since FY2010 was $112,200. 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.
Transportation nationally
49,317 loans across all states.
How SBA 7(a) works
Eligibility, caps, fees, and the timeline.
Common questions
- How many SBA loans go to transportation businesses in Minnesota?
- 1,151 SBA loans totalling $396,984,400 have been approved for transportation and warehousing projects in Minnesota since FY2010.
- Which lenders finance transportation in Minnesota?
- The most active by dollars approved are Midwest Business Finance Corporation, Old National Bank, Wells Fargo Bank, Twin Cities-Metro Certified Development Company. Several are national lenders with no local branch - SBA lending crosses state lines freely.
- What is a typical loan size for transportation in Minnesota?
- The median approval is $112,200, 75% above the national median for this sector ($64,000).
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