47 SBA loans worth $13.7M went to businesses in Excelsior, MN between October 2021 and June 2026, from 23 lenders. U.S. Bank made the most, 9 loans. The median loan was $150,000, compared with $212,000 across Minnesota, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 9 | $1.0M | $20,000 | 11% |
| 2 | Huntington National Bank Bank · Columbus, OH | 6 | $889K | $70,000 | 33% |
| 3 | First Resource Bank Bank · Lino Lakes, MN | 3 | $1.6M | $431,000 | 0% |
| 4 | Choice Financial Group Bank · Fargo, ND | 3 | $1.1M | $445,000 | 0% |
| 5 | Northeast Bank Bank · Portland, ME | 3 | $254K | $29,100 | 0% |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 3 | $90K | $25,000 | 100% |
| 7 | BankVista Bank · Sartell, MN | 2 | $730K | $365,000 | 0% |
| 8 | First Western Bank & Trust Bank · Minot, ND | 2 | $526K | $262,900 | 50% |
| 9 | Old National Bank Bank · Evansville, IN | 2 | $246K | $123,000 | 100% |
| 10 | Central Minnesota Development Certified development company · Andover, MN | 1 | $2.2M | $2,189,000 | 0% |
| 11 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 1 | $1.1M | $1,099,000 | 0% |
| 12 | Citizens Bank Bank · Elizabethton, TN | 1 | $808K | $807,500 | 100% |
| 13 | EntreBank Bank · Bloomington, MN | 1 | $708K | $707,800 | 0% |
| 14 | First Bank & Trust Bank · Brookings, SD | 1 | $450K | $450,000 | 0% |
| 15 | Midwest Business Finance Certified development company · St. Cloud, MN | 1 | $429K | $429,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 10 | $32,500 | U.S. Bank | |
| Construction | 7 | $140,800 | Huntington National Bank | |
| Restaurants and hotels | 7 | $247,000 | BankVista | |
| Wholesale trade | 5 | $350,000 | Choice Financial Group | |
| Other services (repair, personal care) | 4 | $454,500 | Northeast Bank | |
| Arts, entertainment and recreation | 2 | $239,550 | First Bank & Trust | |
| Professional and technical services | 2 | $35,000 | U.S. Bank | |
| Manufacturing | 2 | $82,000 | First Resource Bank |