42 SBA loans worth $21.6M went to businesses in Monticello, MN between October 2021 and June 2026, from 21 lenders. Huntington National Bank made the most, 5 loans. The median loan was $250,000, 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 | 5 | $723K | $125,000 | 20% |
| 2 | Midwest Business Finance Certified development company · St. Cloud, MN | 3 | $2.4M | $516,000 | 33% |
| 3 | Falcon National Bank Bank · Foley, MN | 3 | $1.2M | $464,000 | 33% |
| 4 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 3 | $828K | $333,000 | 33% |
| 5 | Minnesota Lakes Bank Bank · Delano, MN | 3 | $666K | $148,000 | 100% |
| 6 | Bravera Bank Bank · Dickinson, ND | 3 | $268K | $58,500 | 0% |
| 7 | Old National Bank Bank · Evansville, IN | 2 | $5.8M | $2,925,000 | 50% |
| 8 | Central Minnesota Development Certified development company · Andover, MN | 2 | $2.5M | $1,238,000 | 50% |
| 9 | U.S. Bank Bank · Cincinnati, OH | 2 | $1.9M | $955,850 | 0% |
| 10 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $1.6M | $783,000 | 100% |
| 11 | Readycap Lending Non-bank lender · Berkeley Heights, NJ | 2 | $1.2M | $600,000 | 50% |
| 12 | Bank of Elk River Bank · Elk River, MN | 2 | $500K | $250,000 | 100% |
| 13 | Highland Bank Bank · St. Paul, MN | 2 | $45K | $22,500 | 0% |
| 14 | WBD Certified development company · Madison, WI | 1 | $989K | $989,000 | 0% |
| 15 | Hiawatha National Bank Bank · Hager City, WI | 1 | $250K | $250,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Construction | 14 | $149,000 | Huntington National Bank | |
| Other services (repair, personal care) | 7 | $250,000 | Bank of Elk River | |
| Restaurants and hotels | 5 | $464,000 | Falcon National Bank | |
| Manufacturing | 3 | $516,000 | Central Minnesota Development | |
| Retail | 3 | $40,000 | Huntington National Bank | |
| Health care and social assistance | 3 | $1,186,700 | U.S. Bank | |
| Real estate and rental | 2 | $216,400 | Huntington National Bank | |
| Administrative and support services | 1 | $170,000 | Bravera Bank |