155 SBA loans worth $107.4M went to businesses in Burnsville, MN between October 2021 and June 2026, from 48 lenders. U.S. Bank made the most, 21 loans. The median loan was $300,000, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 21 | $10.3M | $30,000 | 29% |
| 2 | Huntington National Bank Bank · Columbus, OH | 10 | $1.0M | $67,550 | 50% |
| 3 | Old National Bank Bank · Evansville, IN | 9 | $13.9M | $628,000 | 11% |
| 4 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 7 | $10.2M | $1,343,000 | 14% |
| 5 | Choice Financial Group Bank · Fargo, ND | 6 | $1.9M | $162,500 | 67% |
| 6 | Village Bank Bank · St. Francis, MN | 5 | $9.2M | $500,000 | 0% |
| 7 | Midwest Business Finance Certified development company · St. Cloud, MN | 5 | $4.3M | $644,000 | 0% |
| 8 | Frandsen Bank and Trust Bank · Lonsdale, MN | 5 | $4.0M | $200,000 | 40% |
| 9 | First Resource Bank Bank · Lino Lakes, MN | 5 | $2.9M | $830,000 | 0% |
| 10 | Northeast Bank Bank · Portland, ME | 5 | $1.1M | $309,400 | 20% |
| 11 | Minnwest Bank Bank · Redwood Falls, MN | 4 | $5.4M | $597,500 | 50% |
| 12 | VisionBank Bank · St. Louis Park, MN | 4 | $532K | $94,200 | 50% |
| 13 | Sunrise Banks Bank · Sioux Falls, SD | 4 | $422K | $85,000 | 100% |
| 14 | Wells Fargo Bank Bank · Sioux Falls, SD | 4 | $60K | $17,500 | 100% |
| 15 | Platinum Bank Bank · Oakdale, MN | 3 | $5.2M | $2,489,000 | 33% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 27 | $262,000 | U.S. Bank | |
| Other services (repair, personal care) | 21 | $300,000 | U.S. Bank | |
| Arts, entertainment and recreation | 17 | $410,000 | Old National Bank | |
| Retail | 14 | $292,800 | Twin Cities-Metro Certified Development | |
| Health care and social assistance | 13 | $206,400 | Sunrise Banks | |
| Manufacturing | 12 | $438,500 | U.S. Bank | |
| Wholesale trade | 12 | $500,000 | Newtek Bank | |
| Restaurants and hotels | 8 | $75,500 | Huntington National Bank |