33 SBA loans worth $13.8M went to businesses in Sauk Rapids, MN between October 2021 and June 2026, from 12 lenders. Midwest Business Finance made the most, 7 loans. The median loan was $200,000, 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 | Midwest Business Finance Certified development company · St. Cloud, MN | 7 | $2.8M | $153,000 | 14% |
| 2 | BankVista Bank · Sartell, MN | 7 | $2.1M | $150,000 | 29% |
| 3 | Farmers and Merchants State Bank of Pierz Bank · Pierz, MN | 5 | $1.0M | $250,000 | 20% |
| 4 | Huntington National Bank Bank · Columbus, OH | 3 | $365K | $30,000 | 67% |
| 5 | Frandsen Bank and Trust Bank · Lonsdale, MN | 2 | $3.2M | $1,595,000 | 0% |
| 6 | St Cloud Financial Credit Union Credit union · Sartell, MN | 2 | $424K | $212,250 | 100% |
| 7 | Falcon National Bank Bank · Foley, MN | 2 | $386K | $193,000 | 50% |
| 8 | Alerus Financial Bank · Grand Forks, ND | 1 | $2.5M | $2,465,000 | 0% |
| 9 | Scale Bank Bank · Edina, MN | 1 | $468K | $467,500 | 0% |
| 10 | Stearns Bank Bank · St. Cloud, MN | 1 | $200K | $200,000 | 0% |
| 11 | Kensington Bank Bank · Kensington, MN | 1 | $200K | $200,000 | 0% |
| 12 | Minnwest Bank Bank · Redwood Falls, MN | 1 | $100K | $100,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Other services (repair, personal care) | 11 | $153,000 | Huntington National Bank | |
| Manufacturing | 7 | $300,000 | BankVista | |
| Construction | 4 | $112,500 | BankVista | |
| Transportation and warehousing | 3 | $250,000 | Frandsen Bank and Trust | |
| Retail | 2 | $175,000 | Minnwest Bank | |
| Agriculture, forestry and fishing | 1 | $250,000 | Farmers and Merchants State Bank of Pierz | |
| Administrative and support services | 1 | $100,000 | BankVista | |
| Education | 1 | $46,700 | Farmers and Merchants State Bank of Pierz |