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General Automotive Repair: SBA acquisition loans in Minnesota
14 SBA-financed business acquisitions in Minnesota classified as General Automotive Repair, FY2024–FY2026. Median loan $502K. See which lenders did them.
- Acquisitions financed
- 14
- Total approved
- $8.2M
- Median loan
- $502K
- Middle half of loans
- $183K to $666K
- Median starting rate
- 9.25%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | Live Oak Banking Company | 2 | 14% | $458K | $916K |
| 2 | Security Bank & Trust Company | 2 | 14% | $327K | $654K |
| 3 | The Huntington National Bank | 2 | 14% | $306K | $612K |
| 4 | Minnwest Bank | 1 | 7% | $2.0M | $2.0M |
| 5 | Falcon National Bank | 1 | 7% | $1.2M | $1.2M |
| 6 | First State Bank and Trust | 1 | 7% | $674K | $674K |
| 7 | Associated Bank National Association | 1 | 7% | $642K | $642K |
| 8 | Scale Bank | 1 | 7% | $468K | $468K |
| 9 | Platinum Bank | 1 | 7% | $445K | $445K |
| 10 | Milestone Bank | 1 | 7% | $401K | $401K |
| 11 | Frandsen Bank and Trust | 1 | 7% | $111K | $111K |
For comparison, the same industry nationwide: 485 loans, median $686K, median starting rate 9.50%. See General Automotive Repair 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.