91 SBA loans worth $61.6M went to businesses in Rochester, MN between October 2021 and June 2026, from 37 lenders. Southeastern Minnesota 504 Development made the most, 13 loans. The median loan was $350,000, 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 | Southeastern Minnesota 504 Development Certified development company · Rochester, MN | 13 | $12.3M | $817,000 | 23% |
| 2 | Huntington National Bank Bank · Columbus, OH | 9 | $1.6M | $117,000 | 78% |
| 3 | Minnwest Bank Bank · Redwood Falls, MN | 7 | $5.6M | $500,000 | 29% |
| 4 | Old National Bank Bank · Evansville, IN | 6 | $4.5M | $425,000 | 50% |
| 5 | Alerus Financial Bank · Grand Forks, ND | 5 | $7.7M | $1,160,000 | 20% |
| 6 | Coulee Bank Bank · La Crosse, WI | 5 | $659K | $168,000 | 20% |
| 7 | Platinum Bank Bank · Oakdale, MN | 4 | $3.8M | $1,009,500 | 25% |
| 8 | BankVista Bank · Sartell, MN | 4 | $2.4M | $719,950 | 25% |
| 9 | Eagle Rock Bank Bank · Rochester, MN | 3 | $1.6M | $294,800 | 0% |
| 10 | Premier Bank Minnesota Bank · Hastings, MN | 3 | $400K | $120,000 | 67% |
| 11 | U.S. Bank Bank · Cincinnati, OH | 3 | $100K | $40,000 | 33% |
| 12 | First Bank & Trust Bank · Brookings, SD | 2 | $2.4M | $1,179,250 | 0% |
| 13 | Midwest Business Finance Certified development company · St. Cloud, MN | 2 | $1.0M | $508,000 | 0% |
| 14 | Merchants Bank Bank · Winona, MN | 2 | $388K | $193,900 | 50% |
| 15 | First Merchants Bank Bank · Muncie, IN | 1 | $3.8M | $3,770,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 17 | $333,800 | Southeastern Minnesota 504 Development | |
| Health care and social assistance | 14 | $259,000 | BankVista | |
| Restaurants and hotels | 11 | $486,000 | Southeastern Minnesota 504 Development | |
| Retail | 10 | $505,000 | Platinum Bank | |
| Transportation and warehousing | 9 | $117,000 | Huntington National Bank | |
| Arts, entertainment and recreation | 7 | $515,000 | Southeastern Minnesota 504 Development | |
| Construction | 7 | $200,000 | Coulee Bank | |
| Professional and technical services | 3 | $50,000 | Minnwest Bank |