28 SBA loans worth $25.5M went to businesses in Brainerd, MN between October 2021 and June 2026, from 13 lenders. Midwest Business Finance made the most, 9 loans. The median loan was $371,450, compared with $212,000 across Minnesota, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Midwest Business Finance Certified development company · St. Cloud, MN | 9 | $9.0M | $1,114,000 | 0% |
| 2 | U.S. Bank Bank · Cincinnati, OH | 3 | $5.8M | $801,700 | 33% |
| 3 | American National Bank of Minnesota Bank · Baxter, MN | 3 | $400K | $132,000 | 100% |
| 4 | Falcon National Bank Bank · Foley, MN | 2 | $2.1M | $1,034,850 | 0% |
| 5 | Pioneer Bank Bank · Mapleton, MN | 2 | $1.7M | $863,500 | 0% |
| 6 | First Western Bank & Trust Bank · Minot, ND | 2 | $213K | $106,400 | 50% |
| 7 | Old National Bank Bank · Evansville, IN | 1 | $5.0M | $5,000,000 | 0% |
| 8 | St Cloud Financial Credit Union Credit union · Sartell, MN | 1 | $464K | $463,900 | 100% |
| 9 | National Bank of Commerce Bank · Superior, WI | 1 | $348K | $347,900 | 100% |
| 10 | Stearns Bank Bank · St. Cloud, MN | 1 | $300K | $300,000 | 0% |
| 11 | Alerus Financial Bank · Grand Forks, ND | 1 | $82K | $82,400 | 0% |
| 12 | Affinity Plus FCU Credit union · St. Paul, MN | 1 | $57K | $57,100 | 100% |
| 13 | Pine River State Bank Bank · Pine River, MN | 1 | $15K | $15,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 6 | $1,068,500 | Midwest Business Finance | |
| Other services (repair, personal care) | 5 | $463,900 | St Cloud Financial Credit Union | |
| Health care and social assistance | 4 | $168,000 | American National Bank of Minnesota | |
| Wholesale trade | 3 | $300,000 | Pioneer Bank | |
| Restaurants and hotels | 3 | $162,800 | Midwest Business Finance | |
| Administrative and support services | 2 | $36,050 | Affinity Plus FCU | |
| Professional and technical services | 2 | $420,850 | U.S. Bank | |
| Transportation and warehousing | 2 | $1,034,850 | Falcon National Bank |