SBA acquisition lenders in Minnesota
608 SBA 7(a) change-of-ownership loans in Minnesota, FY2024–FY2026. Lender rankings, typical loan size, rates and the industries changing hands.
- Acquisitions financed
- 608
- Total approved
- $516.7M
- Median loan
- $499K
- Middle half of loans
- $200K to $1.1M
- Median starting rate
- 9.25%
- Median term
- 10 yrs
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Lenders financing the most acquisitions in Minnesota
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 79 | 13% | $215K | $40.2M |
| 2 | BankVista | 65 | 11% | $312K | $37.9M |
| 3 | Old National Bank | 42 | 7% | $716K | $57.3M |
| 4 | Frandsen Bank and Trust | 30 | 5% | $429K | $18.5M |
| 5 | Falcon National Bank | 28 | 5% | $484K | $16.2M |
| 6 | Associated Bank National Association | 22 | 4% | $722K | $24.2M |
| 7 | Live Oak Banking Company | 20 | 3% | $770K | $24.3M |
| 8 | First Resource Bank | 19 | 3% | $830K | $16.8M |
| 9 | Bell Bank | 18 | 3% | $337K | $15.3M |
| 10 | Scale Bank | 12 | 2% | $512K | $8.0M |
| 11 | U.S. Bank, National Association | 11 | 2% | $406K | $7.3M |
| 12 | CCFBank National Association | 10 | 2% | $2.3M | $18.8M |
| 13 | Minnwest Bank | 10 | 2% | $572K | $12.0M |
| 14 | Platinum Bank | 10 | 2% | $472K | $8.3M |
| 15 | Alerus Financial, National Association | 9 | 1% | $674K | $11.2M |
What is being bought in Minnesota
| # | Industry | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Offices of Chiropractors | 28 | 5% | $143K | $5.9M |
| 2 | Full-Service Restaurants | 26 | 4% | $235K | $12.7M |
| 3 | All Other Specialty Trade Contractors | 23 | 4% | $493K | $24.0M |
| 4 | Limited-Service Restaurants | 22 | 4% | $301K | $17.2M |
| 5 | Home Health Care Services | 19 | 3% | $586K | $22.5M |
| 6 | Beer, Wine, and Liquor Retailers | 17 | 3% | $582K | $11.8M |
| 7 | Landscaping Services | 16 | 3% | $782K | $13.4M |
| 8 | General Automotive Repair | 14 | 2% | $502K | $8.2M |
| 9 | Electrical Contractors and Other Wiring Installation Contractors | 13 | 2% | $514K | $12.6M |
| 10 | Gasoline Stations with Convenience Stores | 12 | 2% | $1.2M | $16.3M |
| 11 | Pet Care (except Veterinary) Services | 11 | 2% | $437K | $6.6M |
| 12 | Couriers and Express Delivery Services | 10 | 2% | $1.0M | $10.1M |
| 13 | Janitorial Services | 10 | 2% | $379K | $3.8M |
| 14 | Plumbing, Heating, and Air-Conditioning Contractors | 8 | 1% | $477K | $7.1M |
| 15 | Insurance Agencies and Brokerages | 8 | 1% | $642K | $5.8M |
Minnesota by industry
- Offices of Chiropractors 28
- Full-Service Restaurants 26
- All Other Specialty Trade Contractors 23
- Limited-Service Restaurants 22
- Home Health Care Services 19
- Beer, Wine, and Liquor Retailers 17
- Landscaping Services 16
- General Automotive Repair 14
- Electrical Contractors and Other Wiring Installation Contractors 13
- Gasoline Stations with Convenience Stores 12
- Pet Care (except Veterinary) Services 11
- Couriers and Express Delivery Services 10
- Janitorial Services 10
- Plumbing, Heating, and Air-Conditioning Contractors 8
- Insurance Agencies and Brokerages 8
- All Other Personal Services 8
- Child Care Services 8
- Fitness and Recreational Sports Centers 8
- Clothing and Clothing Accessories Retailers 7
- Commercial and Institutional Building Construction 6
- Automotive Body, Paint, and Interior Repair and Maintenance 6
- Sporting Goods Retailers 6
- Hotels (except Casino Hotels) and Motels 5
- Machine Shops 5
- Shoe Retailers 5
- Residential Remodelers 5
- Other Building Material Dealers 5
- Coin-Operated Laundries and Drycleaners 5
- Drinking Places (Alcoholic Beverages) 5