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Full-Service Restaurants: SBA acquisition loans in Minnesota
26 SBA-financed business acquisitions in Minnesota classified as Full-Service Restaurants, FY2024–FY2026. Median loan $235K. See which lenders did them.
- Acquisitions financed
- 26
- Total approved
- $12.7M
- Median loan
- $235K
- Middle half of loans
- $116K to $540K
- Median starting rate
- 9.50%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 6 | 23% | $88K | $1.0M |
| 2 | Frandsen Bank and Trust | 2 | 8% | $887K | $1.8M |
| 3 | Falcon National Bank | 2 | 8% | $492K | $985K |
| 4 | St Cloud Financial Credit Union | 2 | 8% | $269K | $538K |
| 5 | Lake Elmo Bank | 2 | 8% | $216K | $432K |
| 6 | Alerus Financial, National Association | 1 | 4% | $2.5M | $2.5M |
| 7 | BankVista | 1 | 4% | $1.9M | $1.9M |
| 8 | 21st Century Bank | 1 | 4% | $1.0M | $1.0M |
| 9 | Hiawatha National Bank | 1 | 4% | $575K | $575K |
| 10 | First Western Bank & Trust | 1 | 4% | $480K | $480K |
| 11 | Stearns Bank National Association | 1 | 4% | $395K | $395K |
| 12 | United Prairie Bank | 1 | 4% | $359K | $359K |
| 13 | First State Bank of Le Center | 1 | 4% | $210K | $210K |
| 14 | Cornerstone Bank | 1 | 4% | $181K | $181K |
| 15 | National Bank of Commerce | 1 | 4% | $127K | $127K |
For comparison, the same industry nationwide: 1,235 loans, median $465K, median starting rate 9.50%. See Full-Service Restaurants in every state.
Deals by SBA fiscal year
Reading these numbers
The amount shown is the gross loan approval. A loan can cover costs beyond the purchase, and the public file does not disclose the agreed purchase price or the rest of the financing. The loan-size analysis shows how to compare amounts across markets.