52 SBA loans worth $14.1M went to businesses in Hutchinson, MN between October 2021 and June 2026, from 9 lenders. Citizens Bank & Trust Co made the most, 35 loans. The median loan was $86,000, compared with $212,000 across Minnesota, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Citizens Bank & Trust Co Bank · Hutchinson, MN | 35 | $5.1M | $50,000 | 46% |
| 2 | Midwest Business Finance Certified development company · St. Cloud, MN | 4 | $2.1M | $237,500 | 0% |
| 3 | Falcon National Bank Bank · Foley, MN | 4 | $1.8M | $450,000 | 0% |
| 4 | Dakota Business Lending Certified development company · Fargo, ND | 3 | $789K | $280,000 | 100% |
| 5 | BANKWEST Bank · Rockford, MN | 2 | $1.9M | $932,500 | 50% |
| 6 | Associated Bank Bank · Green Bay, WI | 1 | $1.5M | $1,467,000 | 0% |
| 7 | Frandsen Bank and Trust Bank · Lonsdale, MN | 1 | $750K | $750,000 | 0% |
| 8 | Central Minnesota Development Certified development company · Andover, MN | 1 | $213K | $213,000 | 0% |
| 9 | U.S. Bank Bank · Cincinnati, OH | 1 | $50K | $50,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 9 | $34,000 | Citizens Bank & Trust Co | |
| Construction | 8 | $41,000 | Citizens Bank & Trust Co | |
| Health care and social assistance | 6 | $117,500 | Citizens Bank & Trust Co | |
| Manufacturing | 6 | $125,500 | Citizens Bank & Trust Co | |
| Professional and technical services | 5 | $400,000 | Falcon National Bank | |
| Restaurants and hotels | 5 | $50,000 | Citizens Bank & Trust Co | |
| Other services (repair, personal care) | 5 | $127,600 | BANKWEST | |
| Administrative and support services | 2 | $53,350 | Citizens Bank & Trust Co |