29 SBA loans worth $15.0M went to businesses in Hamel, MN between October 2021 and June 2026, from 22 lenders. WBD made the most, 3 loans. The median loan was $250,000, 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 | WBD Certified development company · Madison, WI | 3 | $1.0M | $345,000 | 0% |
| 2 | Midwest Business Finance Certified development company · St. Cloud, MN | 2 | $1.7M | $838,000 | 0% |
| 3 | Alerus Financial Bank · Grand Forks, ND | 2 | $925K | $462,500 | 50% |
| 4 | Old National Bank Bank · Evansville, IN | 2 | $695K | $347,350 | 0% |
| 5 | Amplio Economic Development Certified development company · Arden Hills, MN | 2 | $681K | $340,500 | 0% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 2 | $88K | $44,000 | 0% |
| 7 | Fifth Third Bank Bank · Cincinnati, OH | 1 | $3.2M | $3,210,000 | 100% |
| 8 | BANKWEST Bank · Rockford, MN | 1 | $2.0M | $1,996,500 | 0% |
| 9 | Central Minnesota Development Certified development company · Andover, MN | 1 | $1.1M | $1,147,000 | 100% |
| 10 | Byline Bank Bank · Chicago, IL | 1 | $960K | $960,000 | 0% |
| 11 | First Bank & Trust Bank · Brookings, SD | 1 | $866K | $866,500 | 0% |
| 12 | Highland Bank Bank · St. Paul, MN | 1 | $350K | $350,000 | 0% |
| 13 | First Resource Bank Bank · Lino Lakes, MN | 1 | $300K | $300,000 | 0% |
| 14 | 21st Century Bank Bank · Loretto, MN | 1 | $250K | $250,000 | 0% |
| 15 | Hiawatha National Bank Bank · Hager City, WI | 1 | $236K | $236,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 7 | $232,000 | First Resource Bank | |
| Construction | 6 | $289,000 | Alerus Financial | |
| Other services (repair, personal care) | 5 | $430,000 | WBD | |
| Retail | 3 | $150,000 | Village Bank | |
| Administrative and support services | 2 | $347,350 | Old National Bank | |
| Manufacturing | 2 | $344,500 | Hiawatha National Bank | |
| Professional and technical services | 2 | $52,500 | U.S. Bank | |
| Restaurants and hotels | 1 | $250,000 | 21st Century Bank |