GOOD
How competitive are their spreads? Lower = better for you.
STRONG
Total SBA loans closed. More deals = more experience.
GOOD
How many industries do they lend in? More = flexible.
WEAK
States where they've done deals. Wider = easier if you're out of state.
Total SBA Loans
1,943
2010–2026
Total Volume
$1.2B
Gross loan amounts
States Active
7
With recorded loans
Programs
504
1943 total segments
Minnesota Business Finance Corp specializes in 504 loans, with 100% of their deals in this program. This is significantly higher than the national average of ~18%. If you're looking for a 504 loan, this lender is a strong choice.
The average deal size at $617,622 indicates that this lender is well-suited for medium-sized projects. If your financing needs fall within the $150K to $1M range, you are likely to find a good match here.
With a slight decline in growth trend at -1% YoY, this lender may be tightening their lending criteria. It's important to prepare a strong application to improve your chances of approval.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 1,943 504 loans, which use fixed SBA debenture rates.
States where Minnesota Business Finance Cor has recorded SBA lending activity.
+ 2 more states
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Manufacturing
Manufacturing
Hotels & Accommodation
Accommodation & Food Services
Restaurants & Food Service
Accommodation & Food Services
Specialty Trade Contractors
Construction
Nursing & Residential Care
Health Care & Social Assistance
Auto Repair & Maintenance
Other Services
Real Estate
Real Estate
Retail Trade
Retail Trade
+ 7 more
All recorded SBA lending activity for Minnesota Business Finance Cor, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Manufacturing · $150K – $350K | 504 | 87 | — | $245K | Q3 2025 |
| Minnesota · Hotels & Accommodation · $500K – $1M | 504 | 80 | — | $717K | Q4 2025 |
| Minnesota · Manufacturing · $500K – $1M | 504 | 79 | — | $698K | Q4 2025 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 504 | 62 | — | $238K | Q4 2025 |
| Minnesota · Restaurants & Food Service · $500K – $1M | 504 | 53 | — | $693K | Q2 2025 |
| Minnesota · Hotels & Accommodation · $150K – $350K | 504 | 51 | — | $274K | Q2 2025 |
| Minnesota · Manufacturing · $1M – $2M | 504 | 45 | — | $1.4M | Q3 2025 |
| Minnesota · Hotels & Accommodation · $350K – $500K | 504 | 41 | — | $414K | Q1 2024 |
| Minnesota · Restaurants & Food Service · Under $150K | 504 | 38 | — | $114K | Q3 2025 |
| Minnesota · Manufacturing · $350K – $500K | 504 | 36 | — | $421K | Q4 2025 |
| Minnesota · Hotels & Accommodation · $1M – $2M | 504 | 35 | — | $1.3M | Q3 2025 |
| Minnesota · Auto Repair & Maintenance · $150K – $350K | 504 | 32 | — | $232K | Q4 2025 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 504 | 31 | — | $240K | Q4 2025 |
| Minnesota · Restaurants & Food Service · $350K – $500K | 504 | 27 | — | $428K | Q2 2025 |
| Minnesota · Manufacturing · Under $150K | 504 | 25 | — | $120K | Q1 2022 |
| Minnesota · Nursing & Residential Care · $500K – $1M | 504 | 25 | — | $675K | Q3 2024 |
| Minnesota · Auto Repair & Maintenance · Under $150K | 504 | 22 | — | $110K | Q3 2023 |
| Minnesota · Other Health Practitioners · $150K – $350K | 504 | 21 | — | $254K | Q3 2025 |
| Minnesota · Other Repair & Services · $150K – $350K | 504 | 20 | — | $235K | Q4 2024 |
| Minnesota · Retail Trade · $150K – $350K | 504 | 20 | — | $240K | Q4 2024 |
| Minnesota · Manufacturing · $2M – $5M | 504 | 19 | — | $3.0M | Q4 2024 |
| Minnesota · Auto Dealers & Parts · $500K – $1M | 504 | 19 | — | $709K | Q1 2023 |
| Minnesota · Hotels & Accommodation · $2M – $5M | 504 | 18 | — | $3.0M | Q3 2025 |
| Minnesota · Wholesale Trade · $150K – $350K | 504 | 18 | — | $261K | Q1 2023 |
| Minnesota · Food & Beverage Stores · $150K – $350K | 504 | 17 | — | $251K | Q3 2024 |
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