SBA Lending by State · Minnesota
SBA Lending in Minnesota
Minnesota is a mid-sized SBA market concentrated in construction, growing -1%.
- 54,169
- Total SBA loans
- $17.1B
- Approved dollars
- 8.5
- Loans per 1,000 businesses / yr
- -1%
- Growth, 2010s to 2020s
- 7.1%
- Active-loan distress
- #11
- Rank, national volume
- #6
- Rank, loans per business
Every SBA 7(a) and 504 loan approved in Minnesota since 1991 sits in the public federal record. Minnesota accounts for 54,169 of them, worth $17.1B, split 45,057 under 7(a) and 9,112 under 504. Roughly 12% of 7(a) went to startups and new businesses.
Top industries funded in Minnesota
Program mix
- 45,057
- 7(a) loans
- 9,112
- 504 loans
- 12%
- To startups & new businesses
- 88%
- To existing businesses
See Minnesota on the interactive map
Drill Minnesota to the zip-code level, see its top lenders, and shade it by growth, dollars, or distress.
Explore Minnesota on the map ↗Loan counts and dollars cover SBA 7(a) and 504, approved and not cancelled, gross basis. Growth, distress, per-business rates, industries, and startup share describe the 7(a) book. Approval is not funding. FOIA record as of March 31, 2026.