Since fiscal year 2021, at least 154 lenders made 915 SBA loans to Restaurants & Lodging businesses in Minnesota. These are the most active, based on public SBA data.
Most active SBA lenders for Restaurants & Lodging in Minnesota
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank Columbus, OH | 68 | $222,190 | 45% | 7(a), Express |
| 2 | BankVista Sartell, MN | 62 | $474,656 | 22% | 7(a), Express |
| 3 | Sunrise Banks National Association Saint Paul, MN | 59 | $403,431 | 61% | 7(a), Express |
| 4 | U.S. Bank, National Association Cincinnati, OH | 58 | $193,340 | 35% | 7(a), Express |
| 5 | Frandsen Bank and Trust Arden Hills, MN | 28 | $552,161 | 31% | 7(a), Express |
| 6 | Hiawatha National Bank Hager City, WI | 24 | $566,419 | 47% | 7(a), Express |
| 7 | Old National Bank Evansville, IN | 24 | $877,680 | 36% | 7(a), Express |
| 8 | Platinum Bank Oakdale, MN | 22 | $927,484 | 27% | 7(a), Express |
| 9 | Choice Financial Group Fargo, ND | 18 | $506,973 | 29% | 7(a), Express |
| 10 | Falcon National Bank Foley, MN | 17 | $594,104 | 34% | 7(a), Express |
Related guide: SBA Loans for Restaurants
Other industries in Minnesota
- Construction1,172 loans
- Retail Stores1,042 loans
- Health Care858 loans
- Personal Services & Repair845 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 Restaurants & Lodging businesses in Minnesota?
Based on public SBA data, the most active were The Huntington National Bank, BankVista, Sunrise Banks National Association.
How many SBA loans did Restaurants & Lodging businesses get in Minnesota?
915 SBA loans since fiscal year 2021, from at least 154 different lenders.
Which SBA loan fits a Restaurants & Lodging 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.