GOOD
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
268
2010–2026
Total Volume
$176M
Gross loan amounts
States Active
3
With recorded loans
Programs
504
268 total segments
This lender focuses exclusively on 504 loans, which is a significant advantage if you're looking to finance real estate or large equipment. With 268 deals totaling $176 million, they have a strong track record in this area, especially compared to the national average of 18% for 504 loans.
The average deal size here is $655,410, with a notable concentration in the $150K-$350K range (86 deals). If your financing needs fall within this range, this lender could be a great fit for your project.
This lender has experienced a remarkable growth trend, doubling their deal volume year-over-year. This suggests they are expanding their operations and may be more willing to take on new borrowers, making it a good time to apply.
Quarterly SBA lending activity, last 5 years.
Estimated spreads based on real historical SBA lending data. Directional, not exact quotes. Excludes 268 504 loans, which use fixed SBA debenture rates.
States where Southeastern Minnesota 504 Dev has recorded SBA lending activity.
Lending activity by industry cluster.
Top 8 of 15 industries by deal count
Restaurants & Food Service
Accommodation & Food Services
Manufacturing
Manufacturing
Hotels & Accommodation
Accommodation & Food Services
Auto Repair & Maintenance
Other Services
Arts, Entertainment & Recreation
Arts, Entertainment & Recreation
Specialty Trade Contractors
Construction
Wholesale Trade
Wholesale Trade
Social Assistance
Health Care & Social Assistance
+ 7 more
All recorded SBA lending activity for Southeastern Minnesota 504 Dev, grouped by state, industry, and deal size.
| Segment | Program | Deals↓ | Median Spread | Avg Size | Last Deal |
|---|---|---|---|---|---|
| Minnesota · Restaurants & Food Service · $150K – $350K | 504 | 20 | — | $262K | Q2 2023 |
| Minnesota · Manufacturing · $500K – $1M | 504 | 14 | — | $702K | Q1 2023 |
| Minnesota · Manufacturing · $1M – $2M | 504 | 11 | — | $1.3M | Q1 2025 |
| Minnesota · Hotels & Accommodation · $1M – $2M | 504 | 8 | — | $1.4M | Q3 2021 |
| Minnesota · Manufacturing · $350K – $500K | 504 | 6 | — | $427K | Q1 2023 |
| Minnesota · Restaurants & Food Service · $500K – $1M | 504 | 6 | — | $808K | Q1 2024 |
| Minnesota · Auto Repair & Maintenance · Under $150K | 504 | 6 | — | $97K | Q1 2020 |
| Minnesota · Manufacturing · $150K – $350K | 504 | 6 | — | $239K | Q3 2020 |
| Minnesota · Auto Repair & Maintenance · $500K – $1M | 504 | 5 | — | $713K | Q3 2025 |
| Minnesota · Restaurants & Food Service · Under $150K | 504 | 5 | — | $95K | Q1 2023 |
| Minnesota · Social Assistance · $150K – $350K | 504 | 5 | — | $265K | Q3 2019 |
| Minnesota · Restaurants & Food Service · $350K – $500K | 504 | 5 | — | $405K | Q2 2021 |
| Minnesota · Agriculture & Forestry · $150K – $350K | 504 | 4 | — | $252K | Q3 2017 |
| Minnesota · Transportation & Warehousing · $500K – $1M | 504 | 4 | — | $653K | Q4 2020 |
| Minnesota · Auto Dealers & Parts · $150K – $350K | 504 | 4 | — | $267K | Q4 2019 |
| Minnesota · Real Estate · $150K – $350K | 504 | 4 | — | $241K | Q4 2020 |
| Minnesota · Hotels & Accommodation · $500K – $1M | 504 | 4 | — | $751K | Q3 2022 |
| Minnesota · Administrative & Waste Services · $150K – $350K | 504 | 4 | — | $190K | Q3 2018 |
| Minnesota · Restaurants & Food Service · $1M – $2M | 504 | 4 | — | $1.4M | Q3 2021 |
| Minnesota · Auto Repair & Maintenance · $150K – $350K | 504 | 4 | — | $252K | Q1 2025 |
| Minnesota · Arts, Entertainment & Recreation · $500K – $1M | 504 | 4 | — | $769K | Q4 2021 |
| Minnesota · Wholesale Trade · $150K – $350K | 504 | 4 | — | $299K | Q4 2021 |
| Minnesota · Specialty Trade Contractors · $350K – $500K | 504 | 3 | — | $450K | Q4 2025 |
| Minnesota · Other Health Practitioners · $150K – $350K | 504 | 3 | — | $227K | Q4 2020 |
| Minnesota · Arts, Entertainment & Recreation · $350K – $500K | 504 | 3 | — | $412K | Q1 2024 |
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Real experiences from borrowers who closed SBA loans with Southeastern Minnesota 504 Dev.
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