37 SBA loans worth $23.6M went to businesses in Willmar, MN between October 2021 and June 2026, from 18 lenders. Midwest Business Finance made the most, 9 loans. The median loan was $302,000, compared with $212,000 across Minnesota, and transportation and warehousing was the most financed industry.
| # | Lender | Loans | Approved | Median loan | To startups |
|---|---|---|---|---|---|
| 1 | Midwest Business Finance Certified development company · St. Cloud, MN | 9 | $7.1M | $412,000 | 0% |
| 2 | Old National Bank Bank · Evansville, IN | 5 | $4.9M | $500,000 | 60% |
| 3 | Granite Bank Bank · Cold Spring, MN | 3 | $2.1M | $500,000 | 0% |
| 4 | Lake Region Bank Bank · New London, MN | 3 | $670K | $267,500 | 33% |
| 5 | Kensington Bank Bank · Kensington, MN | 3 | $396K | $111,100 | 0% |
| 6 | Heritage Bank Bank · Spicer, MN | 2 | $450K | $225,000 | 50% |
| 7 | Home State Bank Bank · Litchfield, MN | 1 | $2.8M | $2,822,600 | 0% |
| 8 | Shoreham Bank Bank · Warwick, RI | 1 | $1.4M | $1,350,000 | 0% |
| 9 | Enterprise Bank & Trust Bank · Clayton, MO | 1 | $1.3M | $1,319,300 | 100% |
| 10 | Amplio Economic Development Certified development company · Arden Hills, MN | 1 | $662K | $662,000 | 0% |
| 11 | First Bank & Trust Bank · Brookings, SD | 1 | $517K | $516,900 | 100% |
| 12 | United Prairie Bank Bank · Mountain Lake, MN | 1 | $350K | $350,000 | 0% |
| 13 | Coulee Bank Bank · La Crosse, WI | 1 | $338K | $338,000 | 100% |
| 14 | Magnifi Financial CU Credit union · Melrose, MN | 1 | $250K | $250,000 | 0% |
| 15 | United Minnesota Bank Bank · New London, MN | 1 | $131K | $131,000 | 100% |
| Industry | Loans | Share | Median loan | Most active lender |
|---|---|---|---|---|
| Transportation and warehousing | 6 | $187,500 | Old National Bank | |
| Restaurants and hotels | 5 | $662,000 | Shoreham Bank | |
| Retail | 5 | $500,000 | Granite Bank | |
| Other services (repair, personal care) | 4 | $199,750 | Lake Region Bank | |
| Construction | 3 | $131,000 | United Prairie Bank | |
| Arts, entertainment and recreation | 2 | $244,000 | Heritage Bank | |
| Administrative and support services | 2 | $81,000 | St Cloud Financial Credit Union | |
| Manufacturing | 2 | $356,000 | Heritage Bank |