27 SBA loans worth $15.4M went to businesses in Hastings, MN between October 2021 and June 2026, from 18 lenders. Twin Cities-Metro Certified Development made the most, 4 loans. The median loan was $239,000, compared with $212,000 across Minnesota, and administrative and support services was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 4 | $2.5M | $487,000 | 25% |
| 2 | Tradition Capital Bank Bank · Wayzata, MN | 2 | $3.5M | $1,745,500 | 0% |
| 3 | MidCountry Bank Bank · Minneapolis, MN | 2 | $986K | $492,750 | 0% |
| 4 | WBD Certified development company · Madison, WI | 2 | $626K | $313,000 | 0% |
| 5 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $363K | $181,500 | 0% |
| 6 | Citizens State Bank Bank · Hudson, WI | 2 | $250K | $125,000 | 100% |
| 7 | Associated Bank Bank · Green Bay, WI | 2 | $83K | $41,500 | 100% |
| 8 | Drake Bank Bank · St. Paul, MN | 1 | $4.0M | $4,000,000 | 0% |
| 9 | Magnifi Financial CU Credit union · Melrose, MN | 1 | $1.3M | $1,280,600 | 100% |
| 10 | Platinum Bank Bank · Oakdale, MN | 1 | $500K | $500,000 | 0% |
| 11 | Royal Credit Union Credit union · Eau Claire, WI | 1 | $500K | $500,000 | 0% |
| 12 | Coulee Bank Bank · La Crosse, WI | 1 | $250K | $250,000 | 100% |
| 13 | Bridgewater Bank Bank · St. Louis Park, MN | 1 | $234K | $234,200 | 0% |
| 14 | Merchants Bank Bank · Winona, MN | 1 | $160K | $160,000 | 100% |
| 15 | Hiawatha National Bank Bank · Hager City, WI | 1 | $85K | $85,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Administrative and support services | 4 | $580,250 | MidCountry Bank | |
| Manufacturing | 4 | $1,335,300 | Tradition Capital Bank | |
| Construction | 3 | $313,000 | Frandsen Bank and Trust | |
| Health care and social assistance | 3 | $279,000 | Merchants Bank | |
| Transportation and warehousing | 3 | $53,000 | Associated Bank | |
| Retail | 2 | $183,500 | WBD | |
| Restaurants and hotels | 2 | $125,000 | Citizens State Bank | |
| Arts, entertainment and recreation | 1 | $150,000 | Twin Cities-Metro Certified Development |