SBA business acquisition loans in Minnesota
578 SBA 7(a) change-of-ownership loans totaling $487.0M in FY2024 to FY2026, median $498K, from 106 lenders.
League table
National rankings Top lenders
Top 25 by number of loans, FY2024 to FY2026
| Rank | Lender | Loans | Dollars | Median | FY24–26 trend |
|---|---|---|---|---|---|
| 1 | Huntington National BankColumbus, OH | 77 | $39.7M | $215K | −22% |
| 2 | BankVistaSartell, MN | 65 | $37.9M | $312K | −9% |
| 3 | Old National BankEvansville, IN | 39 | $56.0M | $726K | −75% |
| 4 | Frandsen Bank and TrustLonsdale, MN | 29 | $18.4M | $514K | +11% |
| 5 | Falcon National BankFoley, MN | 26 | $14.1M | $458K | −64% |
| 6 | Associated BankGreen Bay, WI | 22 | $24.2M | $722K | +67% |
| 7 | Bell BankFargo, ND | 18 | $15.3M | $337K | +17% |
| 7 | First Resource Bank (Lino Lakes, MN)Lino Lakes, MN | 18 | $15.1M | $775K | +700% |
| 9 | Live Oak Banking CompanyWilmington, NC | 17 | $17.6M | $725K | −43% |
| 10 | Scale BankEdina, MN | 11 | $7.4M | $468K | +300% |
| 11 | CCFBankAltoona, WI | 10 | $18.8M | $2.3M | −25% |
| 11 | Minnwest BankRedwood Falls, MN | 10 | $12.0M | $572K | new |
| 11 | Platinum BankOakdale, MN | 10 | $8.3M | $472K | −83% |
| 11 | U.S. BankCincinnati, OH | 10 | $7.0M | $577K | −40% |
| 15 | Alerus FinancialGrand Forks, ND | 9 | $11.2M | $674K | −33% |
| 15 | Merchants Bank (Winona, MN)Winona, MN | 9 | $6.3M | $485K | −25% |
| 17 | Bridgewater BankSaint Louis Park, MN | 8 | $9.3M | $554K | +150% |
| 17 | First Bank & TrustBrookings, SD | 8 | $5.6M | $566K | −100% |
| 17 | Drake BankSaint Paul, MN | 8 | $3.8M | $367K | −80% |
| 17 | Highland BankSaint Paul, MN | 8 | $3.7M | $314K | +0% |
| 21 | Security Bank & Trust CompanyGlencoe, MN | 7 | $3.2M | $350K | new |
| 22 | PathwardSioux Falls, SD | 6 | $10.7M | $1.3M | +400% |
| 22 | Farmers and Merchants Savings Bank (Manchester, IA)Manchester, IA | 6 | $4.5M | $558K | −100% |
| 22 | Hiawatha National BankHager City, WI | 6 | $3.3M | $600K | −67% |
| 25 | Lake Elmo BankLake Elmo, MN | 5 | $6.1M | $318K | +0% |
Ranked by number of loans; ties broken by dollars. Bars are scaled to the leader. Trend: loans per fiscal year, FY2024 to FY2026, with the change from FY2024 to FY2026.
Loan size
Deal size mix
- Under $350K229 loans · 40% · $36.5M
- $350K to $1M196 loans · 34% · $120.0M
- $1M to $2M88 loans · 15% · $122.3M
- $2M to $5M65 loans · 11% · $208.2M
Volume
By fiscal year
| Fiscal year | Loans | Dollars |
|---|---|---|
| FY2024 | 202 | $170.0M |
| FY2025 | 199 | $154.3M |
| FY2026 | 177 | $162.8M |
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