1,216 SBA loans worth $617.0M went to businesses in St. Paul, MN between October 2021 and June 2026, from 115 lenders. U.S. Bank made the most, 179 loans. The median loan was $202,000, compared with $212,000 across Minnesota, and health care and social assistance was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | U.S. Bank Bank · Cincinnati, OH | 179 | $39.9M | $50,000 | 35% |
| 2 | Huntington National Bank Bank · Columbus, OH | 115 | $28.6M | $100,000 | 45% |
| 3 | BankVista Bank · Sartell, MN | 57 | $34.5M | $312,500 | 14% |
| 4 | Twin Cities-Metro Certified Development Certified development company · Vadnais Heights, MN | 50 | $47.1M | $707,000 | 20% |
| 5 | Wells Fargo Bank Bank · Sioux Falls, SD | 46 | $4.7M | $17,500 | 89% |
| 6 | Hiawatha National Bank Bank · Hager City, WI | 33 | $15.6M | $288,000 | 42% |
| 7 | Old National Bank Bank · Evansville, IN | 31 | $36.2M | $500,000 | 39% |
| 8 | Sunrise Banks Bank · Sioux Falls, SD | 31 | $17.2M | $203,000 | 65% |
| 9 | First Resource Bank Bank · Lino Lakes, MN | 31 | $17.0M | $400,000 | 19% |
| 10 | Choice Financial Group Bank · Fargo, ND | 31 | $16.4M | $250,000 | 39% |
| 11 | Amplio Economic Development Certified development company · Arden Hills, MN | 29 | $24.6M | $625,000 | 21% |
| 12 | Highland Bank Bank · St. Paul, MN | 29 | $6.7M | $150,000 | 31% |
| 13 | Platinum Bank Bank · Oakdale, MN | 27 | $24.2M | $650,000 | 37% |
| 14 | Northeast Bank Bank · Portland, ME | 25 | $2.9M | $100,000 | 8% |
| 15 | BankCherokee Bank · St. Paul, MN | 22 | $6.2M | $184,300 | 32% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Health care and social assistance | 172 | $265,150 | U.S. Bank | |
| Retail | 158 | $176,800 | U.S. Bank | |
| Other services (repair, personal care) | 133 | $205,000 | U.S. Bank | |
| Professional and technical services | 117 | $147,000 | U.S. Bank | |
| Construction | 109 | $175,000 | U.S. Bank | |
| Restaurants and hotels | 102 | $308,000 | Sunrise Banks | |
| Manufacturing | 93 | $300,000 | BankVista | |
| Administrative and support services | 82 | $200,000 | BankVista |