35 SBA loans worth $18.8M went to businesses in Albertville, MN between October 2021 and June 2026, from 16 lenders. Huntington National Bank made the most, 6 loans. The median loan was $120,000, compared with $212,000 across Minnesota, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 6 | $1.6M | $230,500 | 100% |
| 2 | BankVista Bank · Sartell, MN | 4 | $542K | $62,500 | 0% |
| 3 | Bravera Bank Bank · Dickinson, ND | 4 | $309K | $67,150 | 50% |
| 4 | Midwest Business Finance Certified development company · St. Cloud, MN | 3 | $3.5M | $1,569,000 | 33% |
| 5 | Choice Financial Group Bank · Fargo, ND | 3 | $1.2M | $360,000 | 67% |
| 6 | Byline Bank Bank · Chicago, IL | 2 | $465K | $232,500 | 100% |
| 7 | Nicolet National Bank Bank · Green Bay, WI | 2 | $336K | $167,900 | 0% |
| 8 | Highland Bank Bank · St. Paul, MN | 2 | $160K | $80,000 | 0% |
| 9 | U.S. Bank Bank · Cincinnati, OH | 2 | $60K | $30,000 | 0% |
| 10 | HomeTown Bank Bank · Carver, MN | 1 | $5.0M | $5,000,000 | 100% |
| 11 | First Resource Bank Bank · Lino Lakes, MN | 1 | $4.7M | $4,734,300 | 0% |
| 12 | Merchants Bank Bank · Winona, MN | 1 | $434K | $434,000 | 0% |
| 13 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $250K | $250,000 | 100% |
| 14 | First Bank Elk River Bank · Elk River, MN | 1 | $100K | $100,000 | 100% |
| 15 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 1 | $50K | $50,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 9 | $434,000 | Bravera Bank | |
| Arts, entertainment and recreation | 6 | $92,500 | Huntington National Bank | |
| Construction | 5 | $828,000 | Choice Financial Group | |
| Administrative and support services | 3 | $30,000 | Huntington National Bank | |
| Other services (repair, personal care) | 3 | $312,000 | Nicolet National Bank | |
| Manufacturing | 3 | $75,000 | BankVista | |
| Professional and technical services | 3 | $58,500 | Bravera Bank | |
| Finance and insurance | 1 | $40,000 | Highland Bank |