Since fiscal year 2021, at least 137 lenders made 845 SBA loans to Personal Services & Repair businesses in Minnesota. These are the most active, based on public SBA data.
Most active SBA lenders for Personal Services & Repair in Minnesota
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association Cincinnati, OH | 131 | $193,340 | 35% | 7(a), Express |
| 2 | The Huntington National Bank Columbus, OH | 84 | $222,190 | 45% | 7(a), Express |
| 3 | Old National Bank Evansville, IN | 52 | $877,680 | 36% | 7(a), Express |
| 4 | Frandsen Bank and Trust Arden Hills, MN | 33 | $552,161 | 31% | 7(a), Express |
| 5 | Wells Fargo Bank National Association Sioux Falls, SD | 28 | $136,425 | 93% | 7(a), Express |
| 6 | BankVista Sartell, MN | 25 | $474,656 | 22% | 7(a), Express |
| 7 | Platinum Bank Oakdale, MN | 23 | $927,484 | 27% | 7(a), Express |
| 8 | Sunrise Banks National Association Saint Paul, MN | 19 | $403,431 | 61% | 7(a), Express |
| 9 | 21st Century Bank Loretto, MN | 15 | $394,216 | 25% | 7(a), Express |
| 10 | First Bank & Trust Brookings, SD | 14 | $811,454 | 47% | 7(a), Express |
Related guide: Loans for Salons and Barbershops
Other industries in Minnesota
- Construction1,172 loans
- Retail Stores1,042 loans
- Restaurants & Lodging915 loans
- Health Care858 loans
- Manufacturing832 loans
- Professional Services763 loans
- Cleaning, Landscaping & Admin530 loans
- Trucking & Transportation477 loans
← All SBA lenders in Minnesota
Frequently asked questions
Which lenders make the most SBA loans to Personal Services & Repair businesses in Minnesota?
Based on public SBA data, the most active were U.S. Bank, National Association, The Huntington National Bank, Old National Bank.
How many SBA loans did Personal Services & Repair businesses get in Minnesota?
845 SBA loans since fiscal year 2021, from at least 137 different lenders.
Which SBA loan fits a Personal Services & Repair business?
Most use a 7(a) for equipment, build-out, working capital or buying a business, and a 504 to buy their building. For under $50,000, look at Microloans.
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Data: approved loans published by the SBA. Past lending does not guarantee your approval. We are not a lender and are not affiliated with the SBA.