SBA Lenders in Minnesota
37 SBA-approved lenders headquartered in Minnesota (MN) plus 10 more that actively fund Minnesota borrowers. Tell us about your deal and we'll match you with the right capital source.
Who are the top SBA lenders in Minnesota?
PeerSense tracks 37 SBA-approved lenders headquartered in Minnesota (MN), plus 10 out-of-state lenders that actively fund Minnesota borrowers. Top by Minnesota-specific volume: Stearns Bank National Association, BankVista, CRF Small Business Loan Company, LLC. Minnesota HQ lenders have collectively originated $7.3B in SBA volume.
— PeerSense Capital Advisory · Westfield IN · Updated May 16, 2026
Sources: SBA 7(a) & 504 Loan Data, FDIC BankFind
Top SBA Lenders Headquartered in Minnesota
Ranked by total SBA loan activity. Click any bank for the full profile, NAICS specialization, and franchise lending history.
| Lender | State | Activity | Profile |
|---|---|---|---|
| Stearns Bank National Association | MN | High Volume | View Profile → |
| Sunrise Banks National Association | MN | High Volume | View Profile → |
| BankVista | MN | High Volume | View Profile → |
| Highland Bank | MN | High Volume | View Profile → |
| Frandsen Bank and Trust | MN | Active | View Profile → |
| CRF Small Business Loan Company, LLC | MN | Active | View Profile → |
| 21st Century Bank | MN | Active | View Profile → |
| Minnwest Bank | MN | Active | View Profile → |
| Falcon National Bank | MN | Active | View Profile → |
| Platinum Bank | MN | Active | View Profile → |
| Merchants Bank, National Association | MN | Active | View Profile → |
| Park State Bank | MN | Active | View Profile → |
| Magnifi Financial CU | MN | Active | View Profile → |
| Woodlands National Bank | MN | Active | View Profile → |
| Premier Bank | MN | Active | View Profile → |
| Granite Bank | MN | Active | View Profile → |
| Security Bank USA | MN | Active | View Profile → |
| First Resource Bank | MN | Active | View Profile → |
| Scale Bank | MN | Active | View Profile → |
| Deerwood Bank | MN | Active | View Profile → |
Stearns Bank National Association
MNSunrise Banks National Association
MNBankVista
MNHighland Bank
MNFrandsen Bank and Trust
MNCRF Small Business Loan Company, LLC
MN21st Century Bank
MNMinnwest Bank
MNFalcon National Bank
MNPlatinum Bank
MNMerchants Bank, National Association
MNPark State Bank
MNMagnifi Financial CU
MNWoodlands National Bank
MNPremier Bank
MNGranite Bank
MNSecurity Bank USA
MNFirst Resource Bank
MNScale Bank
MNDeerwood Bank
MNOut-of-State Lenders Actively Funding Minnesota Borrowers
National banks and multi-state regionals frequently fund Minnesota deals at competitive rates — often with faster underwriting than local-only banks. Ranked by Minnesota-specific SBA volume.
Old National Bank
HQ IN · 319 MN loans · $122.2M MN volume
Choice Financial Group
HQ ND · 76 MN loans · $35.7M MN volume
Alerus Financial, National Association
HQ ND · 37 MN loans · $28.9M MN volume
BMO Bank National Association
HQ IL · 67 MN loans · $15.1M MN volume
Associated Bank, National Association
HQ WI · 89 MN loans · $14.7M MN volume
Bell Bank
HQ ND · 19 MN loans · $12.2M MN volume
American National Bank
HQ NE · 31 MN loans · $10.8M MN volume
Northeast Bank
HQ ME · 22 MN loans · $9.5M MN volume
MidWestOne Bank
HQ IA · 31 MN loans · $8.4M MN volume
Coulee Bank
HQ WI · 15 MN loans · $7.8M MN volume
Looking for an SBA Lender in Minnesota?
PeerSense matches your deal with the right capital source from our network of 37+ Minnesota lenders and hundreds more nationwide. No retainers — referral fee established upfront and paid at closing.
SBA Lending in Minnesota
Minnesota is home to 37 SBA-approved lenders that have collectively originated $7.3B in SBA loan volume. These lenders serve businesses across the state through the SBA 7(a) and 504 loan programs, providing financing for acquisitions, commercial real estate, equipment, and working capital.
Whether you're acquiring a business in Minnesota, expanding an existing operation, or purchasing commercial property, SBA financing offers competitive terms with government-backed guarantees. PeerSense analyzes each lender's activity, deal preferences, and specializations to help you find the best fit.
How PeerSense Helps Minnesota Borrowers
We're a commercial lending advisory firm headquartered in Westfield, Indiana — not a lender. We structure and place deals across SBA, CMBS, private credit, equipment financing, and more. Our team reviews your transaction, identifies the right capital sources, and makes warm introductions to lenders actively funding deals like yours. Most clients receive their first lender introduction within one business day.
Other Capital Programs for Minnesota Borrowers
PeerSense covers the full commercial capital stack for Minnesota operators — beyond SBA. Compare current rates and structures.
CMBS Conduit
5.60–7.10%10-yr non-recourse fixed, $5M–$500M+, fully assumable
Bridge Loans
9.00–14.00%12–36 mo transitional, SOFR + 470-970 bps, 65-75% LTV
DSCR Investor
5.95–8.50%30-yr fixed rental, qualifies on property cash flow
Equipment Financing
5.50–12.00%Loan, lease, SBA 504, vendor, captive — Section 179 eligible
Hotel Financing
5.85–11.75%CMBS + SBA 504 + bridge + PIP across all flags
Mezzanine Debt
11.00–18.00%Subordinate to senior, $1M–$50M, capital stack fill
Private Credit
7.80–18.00%Non-bank flexibility, unitranche, recap, transitional
Invoice Factoring + ABL
0.5–3.5% / 30dB2B receivables, trucking / staffing / construction / govt
No-Doc CRE
7.50–11.50%Limited-doc commercial, asset-based underwriting
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