27 SBA loans worth $14.2M went to businesses in Big Lake, MN between October 2021 and June 2026, from 16 lenders. Midwest Business Finance made the most, 6 loans. The median loan was $345,000, compared with $212,000 across Minnesota, and restaurants and hotels was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Midwest Business Finance Certified development company · St. Cloud, MN | 6 | $3.5M | $461,000 | 50% |
| 2 | National Bank of Commerce Bank · Superior, WI | 2 | $1.0M | $512,150 | 50% |
| 3 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $500K | $250,000 | 0% |
| 4 | BankVista Bank · Sartell, MN | 2 | $348K | $173,750 | 0% |
| 5 | Kensington Bank Bank · Kensington, MN | 2 | $200K | $100,000 | 100% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 2 | $36K | $18,000 | 50% |
| 7 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $30K | $15,000 | 100% |
| 8 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 1 | $4.0M | $4,027,000 | 0% |
| 9 | Central Minnesota Development Certified development company · Andover, MN | 1 | $1.3M | $1,271,000 | 0% |
| 10 | First Bank & Trust Bank · Brookings, SD | 1 | $675K | $675,300 | 100% |
| 11 | Village Bank Bank · St. Francis, MN | 1 | $642K | $641,700 | 0% |
| 12 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $615K | $615,000 | 0% |
| 13 | Nicolet National Bank Bank · Green Bay, WI | 1 | $500K | $500,000 | 100% |
| 14 | WBD Certified development company · Madison, WI | 1 | $396K | $396,000 | 100% |
| 15 | Sherburne State Bank Bank · Becker, MN | 1 | $345K | $345,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Restaurants and hotels | 6 | $485,850 | Midwest Business Finance | |
| Manufacturing | 5 | $1,259,000 | BankVista | |
| Construction | 5 | $345,000 | U.S. Bank | |
| Other services (repair, personal care) | 4 | $167,000 | Midwest Business Finance | |
| Health care and social assistance | 2 | $100,000 | Kensington Bank | |
| Retail | 2 | $205,500 | WBD | |
| Administrative and support services | 1 | $150,000 | Readycap Lending | |
| Education | 1 | $526,100 | National Bank of Commerce |