SBA Loans for Retail Stores in Minnesota
Since fiscal year 2021, at least 126 lenders made 1,042 SBA loans to Retail Stores businesses in Minnesota. These are the most active, based on public SBA data.
Most active SBA lenders for Retail Stores in Minnesota
| # | Lender | Industry loans | Average | To startups | Programs |
|---|---|---|---|---|---|
| 1 | U.S. Bank, National Association Cincinnati, OH | 117 | $193,340 | 35% | 7(a), Express |
| 2 | The Huntington National Bank Columbus, OH | 63 | $222,190 | 45% | 7(a), Express |
| 3 | Old National Bank Evansville, IN | 50 | $877,680 | 36% | 7(a), Express |
| 4 | BankVista Sartell, MN | 45 | $474,656 | 22% | 7(a), Express |
| 5 | Wells Fargo Bank National Association Sioux Falls, SD | 37 | $136,425 | 93% | 7(a), Express |
| 6 | Falcon National Bank Foley, MN | 36 | $594,104 | 34% | 7(a), Express |
| 7 | Sunrise Banks National Association Saint Paul, MN | 32 | $403,431 | 61% | 7(a), Express |
| 8 | Frandsen Bank and Trust Arden Hills, MN | 23 | $552,161 | 31% | 7(a), Express |
| 9 | Village Bank Saint Francis, MN | 22 | $739,841 | 24% | 7(a), Express |
| 10 | Northeast Bank Lewiston, ME | 20 | $146,626 | 10% | 7(a) |
Related guide: How to Finance a Bodega or Mini Market
Other industries in Minnesota
- Construction1,172 loans
- Restaurants & Lodging915 loans
- Health Care858 loans
- Personal Services & Repair845 loans
- Manufacturing832 loans
- Professional Services763 loans
- Cleaning, Landscaping & Admin530 loans
- Trucking & Transportation477 loans
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Frequently asked questions
Which lenders make the most SBA loans to Retail Stores 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 Retail Stores businesses get in Minnesota?
1,042 SBA loans since fiscal year 2021, from at least 126 different lenders.
Which SBA loan fits a Retail Stores 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.