56 SBA loans worth $41.5M went to businesses in Rogers, MN between October 2021 and June 2026, from 29 lenders. Falcon National Bank made the most, 7 loans. The median loan was $364,400, compared with $212,000 across Minnesota, and manufacturing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Falcon National Bank Bank · Foley, MN | 7 | $4.8M | $268,000 | 29% |
| 2 | Old National Bank Bank · Evansville, IN | 4 | $5.8M | $805,850 | 0% |
| 3 | Minnwest Bank Bank · Redwood Falls, MN | 3 | $3.4M | $1,500,000 | 0% |
| 4 | Amplio Economic Development Certified development company · Arden Hills, MN | 3 | $3.4M | $815,000 | 0% |
| 5 | Huntington National Bank Bank · Columbus, OH | 3 | $410K | $105,000 | 67% |
| 6 | U.S. Bank Bank · Cincinnati, OH | 3 | $134K | $50,000 | 33% |
| 7 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 2 | $2.9M | $1,435,000 | 50% |
| 8 | Midwest Business Finance Certified development company · St. Cloud, MN | 2 | $2.2M | $1,091,000 | 0% |
| 9 | Bell Bank Bank · Fargo, ND | 2 | $1.7M | $854,800 | 100% |
| 10 | Live Oak Banking Bank · Wilmington, NC | 2 | $1.6M | $780,000 | 0% |
| 11 | Associated Bank Bank · Green Bay, WI | 2 | $1.1M | $538,750 | 50% |
| 12 | MidCountry Bank Bank · Minneapolis, MN | 2 | $1.1M | $532,500 | 0% |
| 13 | Scale Bank Bank · Edina, MN | 2 | $904K | $451,900 | 0% |
| 14 | First Resource Bank Bank · Lino Lakes, MN | 2 | $885K | $442,500 | 50% |
| 15 | Bank of Elk River Bank · Elk River, MN | 2 | $637K | $318,450 | 50% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Manufacturing | 11 | $785,000 | Minnwest Bank | |
| Construction | 8 | $127,500 | U.S. Bank | |
| Retail | 8 | $334,000 | Falcon National Bank | |
| Transportation and warehousing | 4 | $1,297,000 | Midwest Business Finance | |
| Health care and social assistance | 4 | $152,500 | Huntington National Bank | |
| Arts, entertainment and recreation | 4 | $386,250 | Bell Bank | |
| Administrative and support services | 3 | $815,000 | Scale Bank | |
| Education | 3 | $650,000 | Granite Bank |