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Limited-Service Restaurants: SBA acquisition loans in Minnesota
22 SBA-financed business acquisitions in Minnesota classified as Limited-Service Restaurants, FY2024–FY2026. Median loan $301K. See which lenders did them.
- Acquisitions financed
- 22
- Total approved
- $17.2M
- Median loan
- $301K
- Middle half of loans
- $120K to $823K
- Median starting rate
- 9.75%
- Median term
- 10 yrs
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Lenders that financed these deals
| # | Lender | Loans | Share | Median loan | Total approved |
|---|---|---|---|---|---|
| 1 | BankVista | 4 | 18% | $388K | $2.0M |
| 2 | The Huntington National Bank | 4 | 18% | $142K | $594K |
| 3 | Frandsen Bank and Trust | 2 | 9% | $571K | $1.1M |
| 4 | First Bank & Trust | 2 | 9% | $199K | $398K |
| 5 | Old National Bank | 1 | 5% | $4.7M | $4.7M |
| 6 | Live Oak Banking Company | 1 | 5% | $3.4M | $3.4M |
| 7 | United FCU | 1 | 5% | $1.8M | $1.8M |
| 8 | Centerstone SBA Lending, Inc. | 1 | 5% | $1.6M | $1.6M |
| 9 | BankCherokee | 1 | 5% | $715K | $715K |
| 10 | TowneBank | 1 | 5% | $494K | $494K |
| 11 | Village Bank | 1 | 5% | $170K | $170K |
| 12 | Hiawatha National Bank | 1 | 5% | $157K | $157K |
| 13 | Vantage Bank | 1 | 5% | $108K | $108K |
| 14 | Minnwest Bank | 1 | 5% | $40K | $40K |
For comparison, the same industry nationwide: 826 loans, median $414K, median starting rate 9.50%. See Limited-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.