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SBA lenders in Inver Grove Heights, MN

SBA 7(a) and 504 loans to businesses in Inver Grove Heights (Dakota County), October 2021 to June 30, 2026 · Updated October 15, 2026
41
SBA loans approved
$23.3M
Total approved
$150,000
Median loan
22
Lenders active
34%
To startups

41 SBA loans worth $23.3M went to businesses in Inver Grove Heights, MN between October 2021 and June 2026, from 22 lenders. U.S. Bank made the most, 7 loans. The median loan was $150,000, compared with $212,000 across Minnesota, and health care and social assistance was the most financed industry.

Most active SBA lenders in Inver Grove Heights

#LenderLoansApprovedMedian loanTo startups
1U.S. Bank
Bank · Cincinnati, OH
7$945K$40,00014%
2Old National Bank
Bank · Evansville, IN
3$1.8M$588,0000%
3Hiawatha National Bank
Bank · Hager City, WI
3$1.0M$99,00067%
421st Century Bank
Bank · Loretto, MN
3$522K$150,0000%
5Minnwest Bank
Bank · Redwood Falls, MN
2$4.0M$2,000,0000%
6Byline Bank
Bank · Chicago, IL
2$3.8M$1,910,00050%
7Central Minnesota Development
Certified development company · Andover, MN
2$2.8M$1,423,50050%
8Amplio Economic Development
Certified development company · Arden Hills, MN
2$1.5M$745,5000%
9Premier Bank Minnesota
Bank · Hastings, MN
2$170K$85,000100%
10MY CU
Credit union · Bloomington, MN
2$104K$52,2500%
11Wells Fargo Bank
Bank · Sioux Falls, SD
2$55K$27,500100%
12Midwest Business Finance
Certified development company · St. Cloud, MN
1$2.5M$2,503,000100%
13Hancock Whitney Bank
Bank · Gulfport, MS
1$2.0M$2,000,0000%
14Twin Cities-Metro Certified Development
Certified development company · Vadnais Heights, MN
1$911K$911,000100%
15First State Bank of Rosemount
Bank · Rosemount, MN
1$350K$350,0000%
7(a) and 504 lenders combined, ranked by number of loans to businesses in Inver Grove Heights. For 504 loans the lender shown is the certified development company.

What gets financed in Inver Grove Heights

IndustryLoansShareMedian loanMost active lender
Health care and social assistance9
22%
$150,000Premier Bank Minnesota
Construction7
17%
$100,00021st Century Bank
Restaurants and hotels7
17%
$889,000U.S. Bank
Manufacturing4
10%
$1,019,500Central Minnesota Development
Professional and technical services4
10%
$169,500U.S. Bank
Administrative and support services2
5%
$54,000Choice Financial Group
Transportation and warehousing2
5%
$52,250MY CU
Retail2
5%
$1,710,000Minnwest Bank
Loan size mix
  • Under $150,00041%
  • $150,000 to $500,00027%
  • $500,000 to $2 million22%
  • $2 million and up10%
Compared with Minnesota
Median loan, Inver Grove Heights
$150,000
Median loan, Minnesota
$212,000
Startup share, Inver Grove Heights
34%
Startup share, Minnesota
35%
Share of state's SBA loans
0.5%

SBA loans per fiscal year in Inver Grove Heights

071320FY14: 9 loansFY14FY15: 7 loansFY15FY16: 8 loansFY16FY17: 13 loansFY17FY18: 11 loansFY18FY19: 16 loansFY1916FY20: 5 loansFY20FY21: 10 loansFY21FY22: 11 loansFY22FY23: 11 loansFY23FY24: 13 loansFY24FY25: 4 loansFY25FY26 (Oct to Jun): 2 loansFY262
Fiscal year runs October to September. Fiscal 2026 covers October 2025 to June 2026 only.
Data from the U.S. Small Business Administration's public 7(a) and 504 loan records (through June 30, 2026) and FDIC call-report data (quarter ending June 30, 2026). US Lender Metrics is not affiliated with the SBA, FDIC, FFIEC, NCUA or any lender, is not a lender or loan broker, and does not make credit decisions. Information only; not financial, legal or lending advice. © 2026 US Lender Metrics.