51 SBA loans worth $27.6M went to businesses in Chanhassen, MN between October 2021 and June 2026, from 20 lenders. U.S. Bank made the most, 10 loans. The median loan was $184,500, compared with $212,000 across Minnesota, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 10 | $985K | $50,000 | 30% |
| 2 | Old National Bank Bank · Evansville, IN | 8 | $8.1M | $787,250 | 50% |
| 3 | Wells Fargo Bank Bank · Sioux Falls, SD | 8 | $5.0M | $15,000 | 100% |
| 4 | Huntington National Bank Bank · Columbus, OH | 6 | $3.0M | $335,500 | 100% |
| 5 | Drake Bank Bank · St. Paul, MN | 3 | $643K | $200,000 | 100% |
| 6 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $198K | $99,200 | 100% |
| 7 | Bell Bank Bank · Fargo, ND | 1 | $3.8M | $3,750,000 | 0% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 1 | $3.4M | $3,350,000 | 0% |
| 9 | State Bank of Faribault Bank · Faribault, MN | 1 | $495K | $495,000 | 100% |
| 10 | CRF Small Business Loan Company Non-bank lender · Minneapolis, MN | 1 | $379K | $379,000 | 100% |
| 11 | Minnesota Lakes Bank Bank · Delano, MN | 1 | $375K | $375,000 | 0% |
| 12 | Platinum Bank Bank · Oakdale, MN | 1 | $229K | $229,000 | 0% |
| 13 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 1 | $226K | $226,000 | 0% |
| 14 | Highland Bank Bank · St. Paul, MN | 1 | $184K | $184,500 | 100% |
| 15 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 8 | $174,350 | Wells Fargo Bank | |
| Other services (repair, personal care) | 6 | $108,450 | Wells Fargo Bank | |
| Professional and technical services | 6 | $47,500 | U.S. Bank | |
| Finance and insurance | 5 | $430,700 | Old National Bank | |
| Arts, entertainment and recreation | 5 | $100,500 | Frandsen Bank and Trust | |
| Construction | 5 | $150,000 | Huntington National Bank | |
| Restaurants and hotels | 5 | $346,000 | Huntington National Bank | |
| Administrative and support services | 4 | $99,500 | U.S. Bank |