26 SBA loans worth $5.8M went to businesses in Owatonna, MN between October 2021 and June 2026, from 15 lenders. Frandsen Bank and Trust made the most, 5 loans. The median loan was $163,150, compared with $212,000 across Minnesota, and other services (repair, personal care) was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Frandsen Bank and Trust Bank · Lonsdale, MN | 5 | $1.7M | $181,800 | 0% |
| 2 | Huntington National Bank Bank · Columbus, OH | 3 | $1.2M | $266,000 | 100% |
| 3 | Community Bank Owatonna Bank · Owatonna, MN | 3 | $175K | $50,000 | 0% |
| 4 | U.S. Bank Bank · Cincinnati, OH | 2 | $561K | $280,450 | 0% |
| 5 | Southeastern Minnesota 504 Development Certified development company · Rochester, MN | 2 | $432K | $216,000 | 0% |
| 6 | Wells Fargo Bank Bank · Sioux Falls, SD | 2 | $25K | $12,500 | 100% |
| 7 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $383K | $383,000 | 0% |
| 8 | Live Oak Banking Bank · Wilmington, NC | 1 | $350K | $350,000 | 100% |
| 9 | Northeast Bank Bank · Portland, ME | 1 | $250K | $250,000 | 0% |
| 10 | Midwest Business Finance Certified development company · St. Cloud, MN | 1 | $158K | $158,000 | 0% |
| 11 | Manufacturers Bank and Trust Bank · Forest City, IA | 1 | $150K | $150,000 | 100% |
| 12 | United Midwest Savings Bank Bank · Degraff, OH | 1 | $150K | $150,000 | 100% |
| 13 | Profinium Bank · Truman, MN | 1 | $100K | $100,000 | 0% |
| 14 | Newtek Bank Bank · Miami, FL | 1 | $85K | $85,400 | 0% |
| 15 | First National Bank Bank · Oldham, SD | 1 | $80K | $80,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 6 | $154,000 | U.S. Bank | |
| Retail | 6 | $77,500 | Community Bank Owatonna | |
| Construction | 4 | $175,050 | Frandsen Bank and Trust | |
| Administrative and support services | 3 | $250,000 | Wells Fargo Bank | |
| Manufacturing | 3 | $266,000 | Huntington National Bank | |
| Professional and technical services | 1 | $350,000 | Live Oak Banking | |
| Restaurants and hotels | 1 | $50,000 | Community Bank Owatonna | |
| Transportation and warehousing | 1 | $676,900 | Frandsen Bank and Trust |