STRONG
How competitive are their spreads? Lower = better for you.
GOOD
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
121
2010–2024
Total Volume
$19M
Gross loan amounts
States Active
1
With recorded loans
Programs
7(a) & 504
121 total segments
Minnstar Bank focuses heavily on existing businesses, with 67% of their deals supporting acquisitions. This makes them a strong choice for buyers looking to purchase established companies.
With an average 7(a) spread of P+1.87%, Minnstar Bank offers competitive pricing compared to the national median of P+2.75%. This could lead to significant savings on interest costs for borrowers.
The lender's 14% decline in year-over-year growth suggests they may be tightening their lending criteria. Borrowers should be prepared for a potentially more rigorous approval process.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 7 504 loans, which use fixed SBA debenture rates.
States where Minnstar Bank National Association has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Specialty Trade Contractors
Construction
Manufacturing
Manufacturing
Building Construction
Construction
Engineering & Architecture
Professional Services
Auto Repair & Maintenance
Other Services
Restaurants & Food Service
Accommodation & Food Services
Heavy & Civil Engineering
Construction
Transportation & Warehousing
Transportation & Warehousing
+ 7 more
All recorded SBA lending activity for Minnstar Bank National Association, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Specialty Trade Contractors · Under $150K | 7(a) | 21 | P+1.50% | $45K | Q4 2022 |
| Minnesota · Manufacturing · Under $150K | 7(a) | 13 | P+2.00% | $42K | Q2 2023 |
| Minnesota · Engineering & Architecture · Under $150K | 7(a) | 10 | P+2.00% | $47K | Q4 2022 |
| Minnesota · Building Construction · Under $150K | 7(a) | 9 | P+1.00% | $88K | Q3 2020 |
| Minnesota · Auto Repair & Maintenance · Under $150K | 7(a) | 8 | P+2.75% | $74K | Q4 2017 |
| Minnesota · Heavy & Civil Engineering · Under $150K | 7(a) | 6 | P+2.25% | $70K | Q1 2015 |
| Minnesota · Restaurants & Food Service · Under $150K | 7(a) | 5 | P+0.75% | $77K | Q1 2022 |
| Minnesota · Building Construction · $150K – $350K | 7(a) | 4 | P+1.25% | $254K | Q1 2024 |
| Minnesota · Manufacturing · $150K – $350K | 7(a) | 3 | P+1.25% | $236K | Q3 2018 |
| Minnesota · Restaurants & Food Service · $150K – $350K | 7(a) | 3 | P+1.25% | $267K | Q2 2018 |
| Minnesota · Real Estate · Under $150K | 7(a) | 3 | P+2.75% | $88K | Q1 2021 |
| Minnesota · Specialty Trade Contractors · $150K – $350K | 7(a) | 3 | P+2.25% | $297K | Q1 2016 |
| Minnesota · Management & IT Consulting · Under $150K | 7(a) | 2 | P+1.38% | $45K | Q3 2017 |
| Minnesota · Retail Trade · $150K – $350K | 7(a) | 2 | P+1.25% | $258K | Q1 2023 |
| Minnesota · Transportation & Warehousing · Under $150K | 7(a) | 2 | P+1.38% | $100K | Q3 2020 |
| Minnesota · Transportation & Warehousing · $150K – $350K | 7(a) | 2 | P+2.25% | $197K | Q2 2014 |
| Minnesota · Finance & Insurance · $150K – $350K | 7(a) | 2 | P+1.88% | $300K | Q1 2021 |
| Minnesota · Education · Under $150K | 7(a) | 2 | P+1.13% | $58K | Q2 2021 |
| Minnesota · Other Health Practitioners · Under $150K | 7(a) | 2 | P+1.13% | $80K | Q1 2021 |
| Minnesota · Building Construction · $1M – $2M | 504 | 1 | — | $1.5M | Q3 2020 |
| Minnesota · Food & Beverage Stores · Under $150K | 7(a) | 1 | P+2.25% | $80K | Q1 2012 |
| Minnesota · General Merchandise · Under $150K | 7(a) | 1 | P+0.00% | $122K | Q3 2019 |
| Minnesota · Other Professional Services · Under $150K | 7(a) | 1 | P+0.75% | $115K | Q2 2022 |
| Minnesota · Social Assistance · Under $150K | 7(a) | 1 | P+2.25% | $100K | Q2 2013 |
| Minnesota · Auto Repair & Maintenance · $150K – $350K | 7(a) | 1 | P+2.00% | $250K | Q3 2011 |
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Real experiences from borrowers who closed SBA loans with Minnstar Bank National Association.
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