46 SBA loans worth $16.5M went to businesses in Chaska, MN between October 2021 and June 2026, from 20 lenders. BankVista made the most, 16 loans. The median loan was $166,950, compared with $212,000 across Minnesota, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | BankVista Bank · Sartell, MN | 16 | $3.8M | $198,950 | 25% |
| 2 | U.S. Bank Bank · Cincinnati, OH | 9 | $1.3M | $45,000 | 11% |
| 3 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 3 | $5.6M | $1,952,000 | 0% |
| 4 | Bell Bank Bank · Fargo, ND | 2 | $577K | $288,600 | 0% |
| 5 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $1.3M | $1,290,000 | 100% |
| 6 | Midwest Business Finance Certified development company · St. Cloud, MN | 1 | $667K | $667,000 | 0% |
| 7 | Platinum Bank Bank · Oakdale, MN | 1 | $590K | $590,000 | 100% |
| 8 | Bank of America Bank · Charlotte, NC | 1 | $512K | $512,100 | 100% |
| 9 | First Resource Bank Bank · Lino Lakes, MN | 1 | $410K | $410,000 | 100% |
| 10 | 21st Century Bank Bank · Loretto, MN | 1 | $350K | $350,000 | 100% |
| 11 | Frandsen Bank and Trust Bank · Lonsdale, MN | 1 | $310K | $310,000 | 0% |
| 12 | Highland Bank Bank · St. Paul, MN | 1 | $250K | $250,000 | 0% |
| 13 | Alerus Financial Bank · Grand Forks, ND | 1 | $175K | $175,300 | 0% |
| 14 | Sunrise Banks Bank · Sioux Falls, SD | 1 | $159K | $158,600 | 100% |
| 15 | CenTrust Bank, A Division of SmartBiz Bank Bank · Northbrook, IL | 1 | $156K | $156,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 11 | $350,000 | BankVista | |
| Restaurants and hotels | 7 | $175,300 | Sunrise Banks | |
| Professional and technical services | 5 | $244,800 | BankVista | |
| Retail | 4 | $175,000 | BankVista | |
| Education | 3 | $54,000 | BankVista | |
| Construction | 3 | $50,000 | 21st Century Bank | |
| Utilities | 3 | $45,000 | BankVista | |
| Other services (repair, personal care) | 2 | $233,000 | CenTrust Bank, A Division of SmartBiz Bank |