103 SBA loans worth $52.7M went to businesses in Mankato, MN between October 2021 and June 2026, from 29 lenders. Huntington National Bank made the most, 13 loans. The median loan was $168,300, compared with $212,000 across Minnesota, and construction was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Huntington National Bank Bank · Columbus, OH | 13 | $4.4M | $46,000 | 31% |
| 2 | BankVista Bank · Sartell, MN | 10 | $1.8M | $174,150 | 40% |
| 3 | Midwest Business Finance Certified development company · St. Cloud, MN | 8 | $6.9M | $526,000 | 0% |
| 4 | Old National Bank Bank · Evansville, IN | 7 | $7.5M | $503,100 | 29% |
| 5 | Minnstar Bank Bank · Lake Crystal, MN | 7 | $492K | $50,000 | 14% |
| 6 | Southeastern Minnesota 504 Development Certified development company · Rochester, MN | 6 | $7.5M | $889,500 | 17% |
| 7 | ProGrowth Bank Bank · Nicollet, MN | 6 | $536K | $55,600 | 0% |
| 8 | Pioneer Bank Bank · Mapleton, MN | 5 | $330K | $100,000 | 40% |
| 9 | Dakota Business Finance Certified development company · Sioux Falls, SD | 4 | $3.3M | $359,000 | 0% |
| 10 | Community Bank Mankato Bank · Vernon Center, MN | 4 | $464K | $77,000 | 25% |
| 11 | Wells Fargo Bank Bank · Sioux Falls, SD | 4 | $80K | $17,500 | 100% |
| 12 | Dakota Business Lending Certified development company · Fargo, ND | 3 | $6.0M | $260,000 | 33% |
| 13 | Minnwest Bank Bank · Redwood Falls, MN | 3 | $533K | $178,000 | 33% |
| 14 | Northeast Bank Bank · Portland, ME | 3 | $175K | $50,000 | 67% |
| 15 | U.S. Bank Bank · Cincinnati, OH | 3 | $72K | $20,000 | 33% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 20 | $69,050 | Huntington National Bank | |
| Other services (repair, personal care) | 15 | $100,000 | Huntington National Bank | |
| Restaurants and hotels | 13 | $213,000 | BankVista | |
| Health care and social assistance | 13 | $475,000 | Huntington National Bank | |
| Manufacturing | 9 | $100,000 | Pioneer Bank | |
| Retail | 8 | $190,500 | ProGrowth Bank | |
| Professional and technical services | 7 | $115,000 | Minnstar Bank | |
| Transportation and warehousing | 5 | $50,000 | Northeast Bank |