26 SBA loans worth $19.3M went to businesses in St. Joseph, MN between October 2021 and June 2026, from 7 lenders. Midwest Business Finance made the most, 9 loans. The median loan was $250,000, compared with $212,000 across Minnesota, and retail was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Midwest Business Finance Certified development company · St. Cloud, MN | 9 | $12.0M | $639,000 | 11% |
| 2 | Minnwest Bank Bank · Redwood Falls, MN | 6 | $1.5M | $176,000 | 17% |
| 3 | BankVista Bank · Sartell, MN | 4 | $1.9M | $250,000 | 25% |
| 4 | Falcon National Bank Bank · Foley, MN | 3 | $3.5M | $350,000 | 67% |
| 5 | Stearns Bank Bank · St. Cloud, MN | 2 | $99K | $49,600 | 50% |
| 6 | BayFirst National Bank Bank · St. Petersburg, FL | 1 | $141K | $140,800 | 0% |
| 7 | Magnifi Financial CU Credit union · Melrose, MN | 1 | $50K | $50,000 | 0% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Retail | 9 | $347,000 | Falcon National Bank | |
| Manufacturing | 5 | $201,000 | Midwest Business Finance | |
| Restaurants and hotels | 4 | $117,000 | Minnwest Bank | |
| Construction | 4 | $826,750 | Midwest Business Finance | |
| Administrative and support services | 1 | $25,000 | Stearns Bank | |
| Arts, entertainment and recreation | 1 | $639,000 | Midwest Business Finance | |
| Other services (repair, personal care) | 1 | $140,800 | BayFirst National Bank | |
| Transportation and warehousing | 1 | $3,175,000 | Midwest Business Finance |