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Insurance Agencies and Brokerages: SBA acquisition loans in Minnesota
8 SBA-financed business acquisitions in Minnesota classified as Insurance Agencies and Brokerages, FY2024–FY2026. Median loan $642K. See which lenders did them.
- Acquisitions financed
- 8
- Total approved
- $5.8M
- Median loan
- $642K
- Middle half of loans
- $358K to $918K
- Median starting rate
- 7.99%
- Median term
- 10 yrs
How to interpret this profile and build a shortlist →
Small sample. This local profile has 8 recorded approvals in FY2024–FY2026. For a broader comparison, open the Minnesota state profile or the national industry profile.
Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | The Huntington National Bank | 2 | 25% | $956K | $1.9M |
| 2 | Old National Bank | 2 | 25% | $566K | $1.1M |
| 3 | The First National Bank of Milaca | 1 | 12% | $1.2M | $1.2M |
| 4 | Bank of America, National Association | 1 | 12% | $818K | $818K |
| 5 | Alerus Financial, National Association | 1 | 12% | $584K | $584K |
| 6 | Minnwest Bank | 1 | 12% | $139K | $139K |
For comparison, the same industry nationwide: 263 loans, median $702K, median starting rate 9.75%. See Insurance Agencies and Brokerages 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.